Free IOU for Rental Payments

Date: September 2, 2055

Parties Involved:

• Lender (Landlord): Alex Johnson
  Address: 123 Maple Street, Apt 4B, Springfield, IL 62701

• Borrower (Tenant): [YOUR NAME]
  Address: 1041 Warshaw Avenue, Apt 3A, Springfield IL 60112

Amount Owed:

• Total Amount of Rent Due: $1,200.00

• Interest Rate on Late Payment: 5% per Month

Payment Terms:

1. Original Due Date: August 1, 2055

2. New Payment Due Date: September 15, 2055

3. Total Amount Due Including Interest: $1,260.00

Terms of Payment:

• The Borrower agrees to pay the total amount due, including interest, by the new due date of September 15, 2055.

• Payments will be made in a lump sum of $1,260.00.

• If payment is not made by the new due date, additional interest may accrue at a rate of 5% per month on the outstanding balance.

Acknowledgment:

• By signing below, the Borrower acknowledges that they owe the amount specified and agree to the terms of repayment, including the interest.

Signatures:

Alex Thompson

Landlord

September 2, 2055

[YOUR NAME]

Tenant

September 2, 2055

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