Rent Payment Plans info from the Government of Alberta
If a tenant is not able to maintain their monthly rent, a plan must be developed with the landlord to determine how much rent can be afforded each month, and how long it will take to get back to regular payments with no back-rent owing. Rental payment plans should consider the income and expenses of the tenant, the amount of rent owing, and a reasonable, agreed to time period for repayment. Payment plans should be developed together by the landlord and tenant, agreed to in writing and signed by both the landlord and tenant.
Payment plans can be developed in three parts:
- Tenant identifies existing income and expenses. This is for the tenant’s use only.
- Landlord and tenant plan for rent payments.
- Landlord and tenant review plan after tenant returns to work. The payment plan is only required if a tenant is not able to maintain their monthly rent payments. If a tenant is able to maintain the monthly rent payments, but may need to change the payment date, a repayment plan is not needed, but there should be agreement between the landlord and tenant on what the new payment schedule will be and for how long.
Please note, if you are not able to make your regular rent payments or if you already owe from previous periods, it is in your interest to make an arrangement. All rent owed will eventually have to be paid.
View the complete document from the Government of Alberta