Letters of Demand – for client’s account

R 95,00

These Letters of Demand may be used where a debt is owed to your client by a debtor, and has not yet been repaid. A Letter of Demand calls on the debtor to pay the debt, failing which further action will be taken.

Description

LETTERS OF DEMAND

(For client’s account)

Summary These Letters of Demand may be used where a debt is owed to your client by a debtor, and has not yet been repaid. A Letter of Demand calls on the debtor to pay the debt, failing which further action will be taken.

Why do I need a Letter of Demand? A Letter of Demand reminds a debtor of the amount that is due for payment, and gives the debtor a deadline for the payment. We have included two letters of demand in this pack. A first letter of demand acknowledges that payment may have been made, in which case this letter can be ignored. Ie. The wording of the First Letter of Demand is more lenient than the Final Letter of Demand. The wording of the Final Letter of Demand is in harsher tones than the First Letter of Demand, and warns the debtor of the legal consequences of ignoring the demand.

Who should use a Demand Letter? If you conduct a business where you assist your clients in collecting outstanding debt, these Letters of Demand may be used to call on the debtors to pay the amounts owed.

What does the Letter of Demand say? Each Letter of Demand: Confirms the amount that is due; Gives the debtor a deadline in which to pay; Provides for the insertion of bank details into which the debt can be paid; Generally cautions the debtor should the debt not be paid.

What does the Letter of Demand look like? Each demand letter can be printed onto one page.

What do you need to do to use the Letter of Demand?

  • Read the document to ensure that it suits your requirements. Make changes as required.
  • Complete the relevant details, and send the First Letter of Demand to the debtor.
  • Should the debtor fail to make payment, send the Final Letter of Demand. (The Final Letter of Demand can be used on its own, without the First Letter of Demand having been sent, if circumstances warrant it.)

Also viewed: Acknowledgement of Debt

Also known as: Demand Letter; Final Notice

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