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Form #1143

Agreement As to Past Due Rent

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Agreement As to Past Due Rent - Legal Agreement Form that is free to download.

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Agreement as to past due rent.

Agreement made _________[year], between _________ company, a corporation duly organized under the laws of the state of _________(company), and _________, as executor of the estate of _________, deceased, as lessee.

Recitals

_________ estate is owner and holder of two certain leases of land and water power made by company under date of _________[year], for two mill power, and _________[year], for four mill power, and

The mill and buildings located on the premises in city of _________, described in aforesaid grants have been destroyed by fire

Therefore this agreement witnesseth:

Company agrees that for a period of one year from this date it will institute no steps, legal or otherwise, for reentry on leased premises or to recover rents now past due and in arrears, amounting on _________ day of _________ to $_____, and that during such period of one year from date of this agreement lessee shall have full and free opportunity to sell its interest in property described in such leases of land and water power.

In case the interest of lessee in such lands is not sold before expiration of period of one year from this date, lessee agrees to surrender and cancel such grants made by company, on waiver by company of all rents due and in arrears and payment by company to lessee of $_____.

It is further agreed between the parties hereto that in case a sale should be made by lessee of its interest in the property described in such grants, that such sale shall be on condition that purchaser shall, upon taking title, pay to company all rents then past due and in arrears, and sign, execute and deliver with company a contract for electrical power in place and stead of water power referred to in such guaranty, in either the knitting mill or bat mill form of electrical contract, as purchaser shall then elect.

It is further agreed between the parties hereto that lessee shall have right to cancel and surrender above-mentioned grants of land and water power at any time which it may desire, prior to expiration of one year from date hereof, and upon such cancellation and surrender company shall waive and release all payments for rent in arrears, and company shall pay to lessee a sum of $_____.



 
Contributed by
Asian Investment Advisers
 
Name of Firm Asian Investment Advisers
Total Forms Contributed 61
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: Agreement As to Past Due Rent, Real Estate, legal agreement, contracts

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