Document background
The Rent Arrears Repayment Agreement is a crucial document used in Irish residential and commercial tenancies when a tenant has fallen behind on rent payments and both parties wish to establish a formal arrangement for clearing the arrears. This agreement, governed by Irish law including the Residential Tenancies Act 2004 and its amendments, provides a structured solution that helps prevent evictions and legal disputes while protecting both parties' interests. It should be used when there is a clear acknowledgment of rent arrears and mutual willingness to resolve the situation through a scheduled repayment plan. The document typically includes detailed payment terms, consequences of default, and maintains the validity of the original tenancy agreement while adding specific provisions for arrears repayment. It's particularly relevant in situations where the landlord wants to maintain the tenancy while ensuring recovery of outstanding rent, and where the tenant demonstrates commitment to clearing arrears through regular, scheduled payments.
