Letters of Demand – for own account
These Letters of Demand may be used where a debt is owed to you by a debtor, and has not yet been repaid. A Demand Notice calls on the debtor to pay the debt by a specified date, failing which further action will be taken.
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Summary These Demand Letters may be used where a debt is owed to you 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 Demand Notice reminds a debtor of the amount that is due for payment, and gives them a deadline for 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 demand notice is more lenient. The wording of the Final Notice is in harsher tones, and warns the debtor of the legal consequences of ignoring the demand.
Who should use a Demand Letter? If you or your business have debtors that owe money, these Letters of Demand may be used to call on the debtor to pay the amounts owed.
What does the Letter of Demand say? Each template demand notice: Confirms the amount that is due; Gives the debtor a deadline in which to pay; Cautions the debtor of the consequences if the debt is not paid.
What do the template Demand Notices look like? Each demand letter can be printed onto one page.
What do you need to do to use a 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 Notice can be used on its own, without the first notice 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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