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The Past Due Rent Payment Agreement is a crucial document used in South African property management when tenants fall behind on their rental payments but demonstrate willingness to settle their debt. This agreement, which must comply with South African rental housing legislation and consumer protection laws, provides a structured approach to debt recovery while protecting both landlord and tenant interests. It typically includes detailed payment schedules, acknowledgment of the debt amount, methods of payment, and consequences of default. The document is particularly important in situations where eviction might otherwise be considered, offering an alternative solution that allows tenants to maintain their housing while ensuring landlords can recover outstanding rent. The agreement should be drafted with consideration of the Rental Housing Act, Consumer Protection Act, and relevant provincial regulations.
