DWSLIB-8330033-v1-Letter waiving requirement to pay rent quarterly1

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DWSLIB-8330033-v1-Letter waiving requirement to pay rent quarterly1 Powered By Docstoc
					To:                [name and address of tenant]      ("You" and "Your")

From:              [name and address of landlord] ("We" and "Us")

The Property:      [address of demised premises]

The Lease:         [date and original parties]

Date:

1          We agree to waive Your obligation under the Lease to pay the Yearly Rent to Us quarterly in
           advance on the usual quarter days on the following conditions:

           (a)     You will pay the Yearly Rent to Us in equal monthly instalments in advance [plus VAT]
                   ("Monthly Payment"). The current Yearly Rent is [               ] [which is subject to
                   review].

           (b)     You will make each Monthly Payment [by standing order] to reach Us by the [first] of
                   each month, starting on [date] [or, if later, the [first] of the month following the date on
                   which you sign and return to Us the copy of this letter].

2          This waiver may be terminated by Us by written notice to You if any Monthly Payment is more
           than 3 working days late or not made, and will terminate automatically if You are no longer the
           Tenant.

3          This waiver is intended to bind our successors in title but is personal to You.

4          Please sign and return the duplicate of this agreement to confirm Your acceptance of the
           conditions on which it is granted.

Signed as a Deed for and on behalf of the Landlord



Director

Witness:

Name:

Address:

Occupation:



Signed as a Deed for and on behalf of the Tenant



Director

Witness:

Name:

Address:

Occupation:




NDD/54321.00002/8330033.01                                                                                Page 1

				
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