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Form #1143Agreement As to Past Due Rent
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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 $_____.
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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.
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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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