Late Rent Notice - Template Form to Create Word and PDF Pro · IN-law

NOTICE FOR PAYMENT OF OVERDUE RENT

(Issued under the terms of the Lease Agreement and the provisions of the Indian Contract Act, 1872, the Transfer of Property Act, 1882, and the applicable State Rent / Tenancy legislation)

FROM:
________
________
Mobile/Telephone: ________
Email: ________

Date: ________
Place: ________

TO:
________
________

SENT BY: Registered Post A.D. / Speed Post / Email / Hand Delivery — ________

Dear Tenant(s),

RE: Notice of default in payment of rent in respect of the premises situated at ________ (the "Demised Premises").

§ 1. Recitals. This notice is issued with reference to the Lease/Leave and Licence Agreement dated ________ executed between the undersigned (the "Landlord/Licensor") and you (the "Tenant/Licensee") in respect of the Demised Premises (the "Lease Agreement"), the terms of which continue to bind the parties.

§ 2. Default in Payment.

1. In terms of the Lease Agreement, the monthly rent of Rs. ________ (Rupees ________) became due and payable on ________.
2. As on ________, the said rent remains wholly unpaid and stands overdue by ________ days, notwithstanding your obligation to make timely payment under the Lease Agreement.

§ 3. Amounts Outstanding.

1. Arrears of rent: Rs. ________ (Rupees ________) being the rent for the period ________.
2. Late payment charges / interest payable in terms of the Lease Agreement: Rs. ________ (Rupees ________).
3. Total amount presently due and payable: Rs. ________ (Rupees ________).

§ 4. Demand. You are hereby called upon to pay the aforesaid total sum of Rs. ________, together with any further rent and late charges that may accrue, on or before ________ (the "Cure Period"), by way of ________ to the following account/details: ________. Continued default will attract further late charges and interest at the rate stipulated in the Lease Agreement.

§ 5. Consequence of Non-Payment. Please take notice that, in the event the entire outstanding amount is not received on or before the expiry of the Cure Period, the Lease Agreement shall, without prejudice to the Landlord's other rights and remedies, stand terminated, and you shall be liable to deliver vacant and peaceful possession of the Demised Premises on or before ________, failing which the Landlord shall be constrained to initiate appropriate legal proceedings for recovery of the outstanding dues together with interest, mesne profits and costs, and for eviction, entirely at your risk as to costs and consequences.

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Kindly treat this as urgent and accord it your immediate attention.

Yours faithfully,

__________________________
________
(Landlord / Authorised Agent)
Capacity / Designation: ________