Common Contracts
1 similar Payment Agreement contracts
Deferred Payment AgreementPayment Agreement • April 13th, 2015
The Local Authority has carried out a financial assessment of your capital and income. Capital can include property, cash and some investments. This assessment shows that you own more than the capital limit and are therefore required to contribute to the cost of your care from your capital. It is understood that most, or all, of your capital is tied up in property or certain assets and following assessment, the Local Authority are prepared to offer you a deferred payment agreement.
