Common Contracts
1 similar Rent Reduction Agreement contracts
Rent reduction agreement letterRent Reduction Agreement • May 1st, 2023
This Letter Giving Temporary Rent Reduction to Residential Tenant records the Landlord’s agreement that the rent payment provisions of a Tenancy Agreement will be amended for a specified period of time. The Letter is designed to be used for a temporary arrangement lasting up to six months and will typically be used where the Tenant is experiencing hardship and is temporarily unable to pay the full rent.The Letter gives details of the temporary arrangements which may take the form of a rent reduction or a rent suspension (or a combination of the two).The Letter states that the concession will cease to have effect if the Tenant materially breaches the terms of the Tenancy Agreement.The Letter should be countersigned by the Tenant and any Guarantor to confirm their acceptance of its terms.
