Rent Reduction Agreement
A Rent Reduction agreement is a document used to outline the terms of a reduced rental rate over a pre-existing lease agreement.
Last updated October 24, 2025
Suitable for Australia
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Frequently asked questions
Use this Rent Reduction Agreement Notice if:
- You are a business experiencing financial hardship
- You wish to request for a rent reduction for a period of time
What does this document cover?
- Details regarding your business’s financial health
- The reduced rent and period requested
- Other terms of the rent reduction
Further information:
View Sample Rent Reduction Agreement
The Legal Risk Score of a Rent Reduction Agreement Template is Low
Our legal team have marked this document as low risk considering:
- The agreement only allows for a temporary reduction in rent, after which the rent reverts back to the original terms, which might not be sustainable if the lessee's financial situation does not improve as anticipated.
- There is no clause that addresses the possibility of extending the rent reduction period, which could lead to difficulties if the lessee's financial hardships continue beyond the agreed period.
- The lessee is required to continue fulfilling all other obligations under the original lease without any adjustments, which could be challenging if the lessee's financial constraints persist.
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