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Dear Sir/Madam,

Re: Extension of Time to Pay Rent

At your request, I have agreed to extend the time for your rent payment. According to your lease, you are required to pay the rent for ________, being the sum of ₦________ (________) on ________. However, I am of the change in your circumstance, which has made it impossible for you to pay the rent on the due date.

Following this, I have decided to give you more time to pay your debt. Consequently, you can pay the sum of ₦________ weekly for a period of ________ weeks to fulfill this obligation. The first installment should be paid on ________.

Please note that this extension is granted as a one-time concession and does not constitute a waiver of any of my rights under the lease agreement. Should you fail to make any of the agreed installment payments on the due dates, the full outstanding balance of the rent shall become immediately due and payable, and I shall be at liberty to take any lawful steps available to me to recover the same. If you have any questions regarding this or you require further information about this subject matter, please contact me by phone- ________ or by email- ________.

Thank you for your consideration. I look forward to hearing from you.

Yours sincerely,

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