Regarding the Residential Tenancies agreement between the Parties
Landlord: [Full name]
Tenant/s: [Full name/s]
Fixed term (if any) to: [Fixed Term end date]
Contract rent [$Rent] per week
The tenants net household income has been relevantly adversely affected by COVID-19 for the purposes of the COVID-19 Recovery Act 2021 (NSW). Therefore, the parties have negotiated the following repayment plan for rent arrears to sustain the tenancy and its benefits to both parties.
1. This agreement made today [date] covers the period:
Start date: [insert date]
End date: [insert date] (the agreement period)
2. This agreement concerns a debt of [$Debt] for the above tenancy, accrued during the period [insert date] to [insert date]. The debt of [$Debt] comprises the following amounts:
|Water usages charge arrears:
3. The debt of [$Debt] is to be repaid at the rate of [$Payment] per week for [Number of] weeks from the Start date. Thus, amount payable per week during the agreement period is
[$Rent+$Payment = $Total Weekly Payment].
4. The Parties shall review this agreement monthly from today in the light of their changed circumstances (if any).