Get possession & protect your business with this fill-in-the-blank Forgive Debt and Leave Agreement template. You can have your own agreement in less than 15 minutes by easily following along with my video How-To Tutorial & filling-in-the-blanks. You can send it to your tenant that quickly! This template is for you if you have a tenant who you want to leave and they have a rent delinquency you’d rather forgive because you know you can’t get water from a stone
—> If you’d rather pay to have someone leave because you need to wet their whistle or because there isn’t a rent delinquency check out my Cash For Keys (Tenant) Template
—> If you’d rather set up a payment plan with your tenant because you know they want to get back on track, check out my Payment Plan template
—> If you have a tenant who wants to break their lease check out this template instead
—> If you want access to all my contracts to get possession of your property back, check out the “Eviction Avoidance Bundle”
WHAT’S INCLUDED?
What do you get? A customizable, instant-download Forgive Debt and Leave Contract template created by a real estate investor (& real estate attorney!) for landlords like you. My DIY Forgive Debt and Leave Agreement template can be ready in 15 minutes or less and will save you weeks of waiting for an eviction court date and thousands of dollars in legal fees and lost rent. If you know they can’t pay but are willing to leave, cut your losses, document that decision, and move on to get a new tenant.
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DIY Forgive Debt & Leave Template — One (1) downloadable, editable .docx file containing a detailed Forgive Debt and Leave template with highlighted fill-in-the-blanks to make your own.
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How-To Video Tutorial — a video tutorial where I walk you through what each paragraph means (in English, not “legalese”), where you need to put in your personal info, and how to sign it. At the end, you’ll be confident making the Forgive Debt and Leave Agreement your own.
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Guidelines & Tips Guide — to let you know what to do with this document & how to make it your own.
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BONUS: you’ll receive my C.Y.A. (Cover Your Assets) Checklist to make sure you have everything in place to protect your investment properties.
FAQS
WHAT’S A FORGIVE DEBT AND LEAVE CONTRACT?
A Forgive Debt and Leave Contract is a contract you send to your tenant if they owe you rent and you’d like to use debt forgiveness as an incentive for them to leave rather than going through the expensive and long eviction process. Tenants are more likely to take the terms of your agreement seriously if they know they’ve signed a contract with you. That means you get your property back fast and without it getting trashed.
DO I NEED A FORGIVE DEBT AND LEAVE AGREEMENT?
Do you want to get paid? Then yes! If you work with clients 1:1 & want to have clear expectations + rules, you should definitely put the terms of your agreement in writing. A client contract makes sure that you can…
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Control the date when you get your property back, no waiting for the sheriffs to come
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Save time and money, by avoiding the expensive court process
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Protect your property, they are incentivized to not trash the property
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Win-Win, both you and your tenant get something
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and more!
HOW LONG’S THIS GONNA TAKE?
Got 15 minutes? Then you’ll have yourself a legally enforceable Forgive Debt and Leave agreement. Here’s what you should do once you purchase:
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Read the How-To Guide first.
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Next, edit the doc with your information. Follow along with my video How-To Tutorial, which shows you where you need to put in your personal info. You won’t need to do ANY legal writing – just contact info, property information, and the details of the move out.
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Make any necessary changes based on how you want the tenant to leave.
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Use it with your tenant! You can send this document to your tenant in less than 15 minutes. It’s that easy!
WHO IS THIS FOR?
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Landlords wanting to remove a tenant and avoid the long and costly eviction process
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Landlords who know their tenant is unable to pay back the back rent and there’s no use suing them (can’t get water from a stone!)
FINE PRINT
IMPORTANT: This document is a downloadable, customizable general template for you to make your own & to fit your needs. Purchase of this or any other document from this Site does not create an attorney-client relationship between you and Bonnie Galam. The documents, or anything on this Site, should not be construed as legal advice. You should have all documents you use reviewed by an attorney in your jurisdiction to ensure they comply with State and local laws where you own property or conduct business. Contact your local bar association for an attorney recommendation. Bonnie Galam is licensed to practice law in New Jersey and Pennsylvania. Use of this Site, and purchase of any documents or courses, are subject to these Terms of Use.
QUESTIONS? Email Bonnie at bonnie@bonniegalam.com
