Fill and Sign the Agreement for Delayed or Partial Rent Payments Arkansas Form

AGREEMENT FOR DELAYED OR PARTIAL RENT PAYMENTS This Agreement for Delayed or Partial Rent Payments (hereinafter “Agreement”) is entered into this ___ day of _______________ , 20 ___ , by and between the Lessor: ______________________________ , (hereinafter referred to as “Landlord”), and the Lessee(s): ______________________________ , ___________________________ , ___________________________ , and __________________________ . All Lessees (hereinafter referred to collectively as “Tenant”), are jointly, severally and individually bound by, and liable under, the terms and conditions of this Agreement. For the valuable consideration described below, the sufficiency of which is hereby acknowledged, Landlord and Tenant do hereby covenant, contract and agree as follows: 1. In consideration of Landlord’s agreement not to terminate Tenant’s Lease Agreement and evict Tenant on the basis of Tenant’s non-payment of rent, Tenant agrees to pay rent in delayed or partial amounts, in specific adherence to the following payment schedule:       2. Tenant agrees that Tenant’s failure to fully and specifically comply with the above listed conditions for delayed or partial rent payment will result the breach of this Agreement, and Landlord will have the option to terminate Tenant’s Lease and evict Tenant on the basis of non-payment of rent. OTHER THAN DISCUSSED HEREIN, THE TERMS AND CONDITIONS OF THE OPERATIVE LEASE AGREEMENT BETWEEN LANDLORD AND TENANT REMAIN IN FULL FORCE AND EFFECT. * * * WITNESS THE SIGNATURES OF THE PARTIES: Landlord, or authorized agent: _______________________________________________ Dated: ________ Tenant: ___________________________ Print name: ____________________________ Dated: ________ Tenant: ___________________________ Print name: ____________________________ Dated: ________ Tenant: ___________________________ Print name: ____________________________ Dated: ________ Tenant: ___________________________ Print name: ____________________________ Dated: ________