Agreement to Waive Rent Arrears

Name: Agreement to Waive Rent Arrears
Brand: SheriaPlex
SKU: DOC-575
Price: 200 KES
Availability: InStock

Document Type

Microsoft Word (Editable)

Pages

Price: KES 200

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Document Overview

An Agreement to Waive Rent Arrears is a formal legal document used in Kenya between a landlord and a tenant, where the landlord agrees to forgo part or all of the rent arrears owed by the tenant.

Key Components:
1. Title
2. Date of the Agreement
3. Parties Involved
4. Property Description
5. Details of Tenancy
6. Waiver Clause
7. Balance (if any)
8. Good Faith Statement
9. Non-Reclaim Clause
10. Confidentiality Clause (optional)
11. Governing Law Clause
12. Signatures
13. Witness Section

Purpose:
1. Clearly outlines what amount of unpaid rent is being forgiven and under what terms.
2. Ensures that the landlord cannot later claim the waived amount or take legal action over it.
3. Provides legal protection and proof of the arrangement, should the need arise (e.g., in court or before a tribunal).
4. Helps preserve or restore a good relationship between landlord and tenant, especially in situations involving financial or personal hardship.
5. Often includes terms for ongoing tenancy, resumption of regular rent, or expected behavior from the tenant.

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Agreement to Waive Rent Arrears

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