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PAYMENT PLAN AGREEMENT between MetroPlains Management Form

PAYMENT PLAN AGREEMENT between MetroPlains Management Form

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a past due rent payment plan agreement is created between a tenant and a landlord or property manager and establishes a payment arrangement for a tenant who is behind on their rent even if a tenants income qualified them for a rental circumstances such as a layoff medical emergency or an accident can happen that may temporarily put them behind in this case it may be more beneficial for the landlord to consider a payment plan arrangement instead of an eviction which can be an exceptionally costly process in other cases past due rent payment plan arrangements are also used after an eviction when a former tenant is ordered by the judge to pay rent back to the landlord setting up a payment arrangement in the case of a missed payment breakdowns can be calculated rather simply as an example if a tenant has a total monthly rent of $800 and missed a month's rent the landlord and tenant may agree that the unpaid rent will be paid back over a period of four months the arrangement would r

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