Loan extension agreement
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Key features
- Length:2 pages (330 words)
- Available in:
Microsoft Word DOCX
Apple Pages
RTF
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About this document
This document as drawn is fit to be used for finalizing terms between a lender and a borrower in extension of a debt resulting in a revised schedule of repayment to come in place.
There is little or no statutory regulation relating to an agreement of this nature, so the parties can make more or less what deal they choose.
Who will use this document?
Any person, company or firm lending or borrowing money irrespective of any business they are into and then wanting to extending the debt term and affecting revision of repayment schedule.
Application and features
- Very brief with comprehensive provisions;
- Ready for adaptation to particular needs of either or both parties;
- Comprehensive provisions provide ideas and address all eventualities;
- Real law in simple English. No complexities.
Contents
- The purpose of the agreement;
- Background;
- Method and revised schedule of repayment;
- Conditions on default;
- Successors and assigns.
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- Written in plain English avoiding legal terminology unless necessary. plain English makes our documents easy to understand, easy to edit and more likely to be accepted
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