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Im behind on my rent for the business space Im leasing about

Customer Question
six month, this is my...
Im behind on my rent for the business space Im leasing about six month, this is my first year in business and I did not make manoey yet, the amount behaind is too much, my monthlly payment is 3,575.00. following what the landlord's lawer wrote after I called him to discuss payment arrangment. Is any way you can help write this purposal?

"Thank you for calling me today in response to the notice of default that I sent. Per our conversation, you are going to submit a payment proposal to me to take to WRIT for consideration; you have promised to get that proposal to me by next Monday, October 4, 2010. You may reply to this email to submit the proposal. Thank you."
Submitted: 7 years ago.Category: Business Law
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10/3/2010
Business Lawyer: Dwayne B., Attorney replied 7 years ago
Dwayne B.
Dwayne B., Attorney
Category: Business Law
Satisfied Customers: 34,046
Experience: Practicing for over 20 years and helped a number of businesses with litigation.
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What is your proposal? Are you just asking for help to write the letter expressing the proposal? Who is it going to?
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Customer reply replied 7 years ago

Yes, I would like to ask them for arrangments for the past due amount, or if they can accept rent reduction 50% for the past six month Im willing to do so.

I have to address the letter to their attorny, because he send me the notice of defalt/ demant for payment within 10 days. as I mention earlier he is will to take my purposal to the landlord. Can you help me by writing this letter, even just a draft and I will modify it?

 

Business Lawyer: Dwayne B., Attorney replied 7 years ago
Can you tell me what the details of your proposal are? What are you proposing?
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Customer reply replied 7 years ago
Based on the information that i have received, the past due is in the amount of $24,900.02, not including for the month of October. I feel a reasonable modification amount would be around 50% of what is past due.
Business Lawyer: Dwayne B., Attorney replied 7 years ago
Are you offering to pay the 50% at once, as additional payments, etc.? In order to help construct the letter I need to know exactly what you are proposing.
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Customer reply replied 7 years ago
My proposal is to pay 50% as settlement of the past due amount. From this point on I wish to start with my regular monthly payment.
Business Lawyer: Dwayne B., Attorney replied 7 years ago
It's not really a legal issue, but I can help you write a business letter:


Dear Sir(s):


Pursuant to our telephone conference on (insert date) and in response to your letter of (insert date), please accept this letter as a formal proposal to be presented to (insert name).


As full and final settlement of all past due amounts through (insert date) I would offer to pay the sum of (insert amount) to be paid within ____ days of the acceptance of the proposal. Payment of this amount would result in a $0 balance with the regular monthly payments of $_____ to begin on (insert date).


If this is agreeable please let me know, in writing, at your earliest convenience.




Sincerely,




(Your Name)




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Dwayne B.
Dwayne B., Attorney
Category: Business Law
Satisfied Customers: 34,046
Experience: Practicing for over 20 years and helped a number of businesses with litigation.
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Dwayne B.
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Category: Business Law
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