Free IOU for Rental Payments Template
IOU for Rental Payments (I OWE YOU)
Date: September 2, 2055
Parties Involved:
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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:
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Total Amount of Rent Due: $1,200.00
-
Interest Rate on Late Payment: 5% per Month
Payment Terms:
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Original Due Date: August 1, 2055
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New Payment Due Date: September 15, 2055
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Total Amount Due Including Interest: $1,260.00
Terms of Payment:
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The Borrower agrees to pay the total amount due, including interest, by the new due date of September 15, 2055.
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Payments will be made in a lump sum of $1,260.00.
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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:
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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
