Free Rent Payment Agreement Letter

August 14, 2050

[Your Name]

[Your Company Name]

[Your Company Address]

[Your Company Email]

[Your Company Number]

Emily Rogers

842 Straford Park

Lexington, KY 40505

Subject: Rent Payment Agreement for 789 Oak Avenue, Springfield, IL

Dear Ms. Rogers,

This letter serves as an agreement between the undersigned Landlord, Samuel Turner, and Tenant, Emily Rogers, concerning the payment of rent for the property located at 842 Straford Park Lexington, KY 40505.

1. Lease Details:

• Property Address: 789 Oak Avenue, Springfield, IL 62701

• Lease Start Date: September 1, 2024

• Lease Term: 12 months, ending August 31, 2025

2. Rent Payment:

• Monthly Rent Amount: $1,200.00

• Due Date: Rent is due on the 1st day of each month.

• Payment Method: Payments should be made via bank transfer to the following account:

  • Account Name: Samuel Turner

  • Account Number: 987654321

  • Bank Name: Springfield Bank

3. Late Payment:

• Grace Period: There is a 5-day grace period from the due date.

• Late Fee: A late fee of $50.00 will be charged for payments made after the grace period.

4. Security Deposit:

• Amount: $1,200.00

• Due Date: The security deposit is due on the lease start date and will be held in accordance with Illinois state laws.

5. Termination of Agreement:

• Notice Period: Either party may terminate the lease with a 30-day written notice before the end of the lease term.

6. Contact Information:

• Landlord Contact: [Your Name] [Your Company Number] [Your Company Email]

• Tenant Contact: Emily Rogers, 222 111 9999, emily.rogers@email.fict

By signing below, both parties agree to the terms and conditions outlined in this Rent Payment Agreement.

[Your Name]

Landlord

[Date]

Emily Rogers

Tenant

[Date]

Thank you for your attention to this agreement. Should you have any questions or concerns, please feel free to contact me.

Sincerely,

[Your Name]

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