Letter Giving Temporary Rent Reduction to Residential Tenant
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. The Landlord should also check whether the consent of a superior landlord or lender is required to the grant of the concession.
If the Landlord and Tenant wish to make a permanent change to a provision of the Tenancy Agreement they should use a Variation Agreement .
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
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