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Rent Payment Plan Agreement

Rent Payment Plan Agreement Template for Germany

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Key Requirements PROMPT example:

Rent Payment Plan Agreement

"I need a Rent Payment Plan Agreement for my residential tenant who owes €6,000 in arrears, to be paid in 12 monthly installments starting January 2025, while maintaining current rent payments of €1,000 per month."

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Document background
A Rent Payment Plan Agreement is utilized when a tenant has accumulated rent arrears and both parties wish to establish a formal arrangement for debt settlement while preserving the tenancy. This document, governed by German law and particularly the provisions of the BGB (Bürgerliches Gesetzbuch), provides a legally sound framework for managing rent arrears situations. It typically arises from financial hardship situations and serves to prevent eviction proceedings while ensuring the landlord's interests are protected. The agreement includes essential elements such as debt acknowledgment, payment scheduling, default provisions, and ongoing rent obligations. It's particularly relevant in both residential and commercial contexts, requiring careful consideration of tenant protection laws while maintaining enforceability under German jurisdiction.
Suggested Sections

1. Parties: Identification of the landlord and tenant with full legal names, addresses, and registration details if applicable

2. Background: Context of the agreement including reference to the original lease agreement, current rent arrears situation, and reason for payment plan

3. Definitions: Definitions of key terms used throughout the agreement including 'Original Lease', 'Arrears', 'Payment Plan', etc.

4. Acknowledgment of Debt: Formal acknowledgment of the exact amount owed, including breakdown of rent arrears and any additional charges

5. Payment Plan Terms: Detailed structure of the payment plan including installment amounts, payment dates, and payment methods

6. Duration of Plan: Specific timeframe of the payment plan including start date and end date

7. Current Rent Obligations: Confirmation that current rent payments must continue alongside the payment plan

8. Default Provisions: Consequences of missing payments or breaching the payment plan

9. Representations and Warranties: Statements by the tenant regarding their ability to meet the payment plan obligations

10. Governing Law and Jurisdiction: Confirmation that the agreement is governed by German law and specification of jurisdiction for disputes

Optional Sections

1. Security Provisions: Additional security measures such as guarantors or security deposits, used when additional payment security is required

2. Interest Charges: Terms for interest on arrears, if applicable and agreed upon

3. Early Payment Provisions: Terms for early repayment of the arrears, included when early repayment is encouraged

4. Hardship Clause: Provisions for temporary modification of payment plan in case of unexpected financial hardship

5. Third-Party Guarantor: Details of any guarantor providing additional security for the payment plan

6. Data Protection: GDPR compliance provisions, required if personal data processing goes beyond basic contract execution

7. Insurance Requirements: Additional insurance requirements if relevant to securing the payment plan

Suggested Schedules

1. Schedule 1 - Arrears Calculation: Detailed breakdown of all outstanding amounts including rent, utilities, and other charges

2. Schedule 2 - Payment Schedule: Detailed calendar of payment dates and amounts for the entire duration of the plan

3. Schedule 3 - Original Lease Reference: Key details from the original lease agreement relevant to the payment plan

4. Appendix A - Payment Methods: Detailed information about accepted payment methods and banking details

5. Appendix B - Communication Protocol: Procedures for notifications regarding payments, delays, or issues

6. Appendix C - Supporting Documents: Copies of relevant documents such as rent statements, payment history, or correspondence

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































Clauses

























Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Legal Services

Property Development

Social Housing

Student Accommodation

Retail Property

Office Space Management

Relevant Teams

Legal

Property Management

Finance

Collections

Tenant Relations

Asset Management

Operations

Accounts Receivable

Risk Management

Customer Service

Relevant Roles

Property Manager

Real Estate Manager

Legal Counsel

Tenant Relations Manager

Housing Officer

Collections Manager

Lease Administrator

Asset Manager

Property Administrator

Accounts Receivable Manager

Real Estate Attorney

Residential Services Coordinator

Credit Controller

Tenancy Support Officer

Property Operations Director

Industries








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