Sample Letter to Negotiate Payment Terms with the Real Estate Company
November 17, 2020
Name of the Recipient
Designation
Name of Real Estate Company
Address.
Sub: Time Extension for the Final Payment against Flat No: [insert number, e.g.: A-4], [insert project name, e.g.: Vega Supreme], [insert project address].
Dear Sir,
As per the agreement signed on [insert date, e.g.: 15-01-2020] we were conditioned to settle the above payment on [insert date, e.g.: 15-10-2020]. But due to fund crisis we were unable to maintain the aforesaid payment schedule. However, in the mean time, we are trying our utmost to manage the required fund. Accordingly, we ensure you that we will settle the subject payment on [insert date, 30-11-2020] positively. And we are also enclosing herewith a post dated cheque drawn on the same date for your satisfaction.
Here, it is worth mentioning that during signing of the contract we verbally requested you for a provision of [insert days, e.g.: 45 days] days’ grace period considering the probability of any unavoidable circumstances. In response, the management of your company also showed positive attitude.
Under the above context, we would request you to kindly consider our case favourably and provide us an opportunity to make the payment on the proposed date, i.e., [insert date, 30-11-2020].
Thank you in advance for your kind consideration.
Yours sincerely,
Handwritten Signature
(Name of the Signatory)
Mobile No: [insert number]
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