51Ƶ

Rental Promissory Note Template for Australia

A legally binding financial instrument used in Australian rental arrangements that combines elements of both a promissory note and a rental agreement. This document establishes a formal commitment by a tenant to pay specified rental amounts according to an agreed schedule, governed by Australian federal laws including the Bills of Exchange Act 1909 and relevant state-specific residential tenancy legislation. It provides additional security for landlords while offering structured payment arrangements for tenants, typically used in situations requiring formal documentation of rental payment obligations.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Rental Promissory Note?

A Rental Promissory Note is a specialized legal document used in Australian rental arrangements where formal documentation of payment obligations is required beyond a standard lease agreement. This document is particularly useful in situations involving payment plans, rental arrears management, or when additional payment security is needed. The document combines elements of traditional promissory notes with rental-specific provisions, ensuring compliance with both Australian financial instruments legislation and state-based tenancy laws. It includes detailed payment terms, property information, and enforcement provisions, making it suitable for both residential and commercial rental situations where structured payment commitments need to be established and documented.

What sections should be included in a Rental Promissory Note?

1. Parties: Identification of the Promisor (tenant) and Promisee (landlord/property manager), including full legal names and addresses

2. Background: Context of the promissory note, including reference to the rental agreement and circumstances leading to the creation of the note

3. Definitions: Key terms used throughout the document, including 'Property', 'Rental Agreement', 'Payment Date', etc.

4. Promise to Pay: Core provision stating the amount promised to be paid, payment schedule, and interest rate if applicable

5. Property Details: Description of the rental property related to the promissory note

6. Payment Terms: Detailed payment schedule, methods of payment, and consequences of late or missed payments

7. Security: Any security or collateral provided to guarantee the payment

8. Default Provisions: Consequences of default and remedies available to the Promisee

9. Governing Law: Specification that Australian law governs the agreement and identification of applicable state jurisdiction

10. Execution: Signature blocks and execution requirements

What sections are optional to include in a Rental Promissory Note?

1. Guarantor Provisions: Required when a third party is guaranteeing the payment obligations

2. Acceleration Clause: Optional provision allowing the entire amount to become due upon specific trigger events

3. Prepayment Terms: Include when early payment options are allowed, specifying any penalties or benefits

4. Assignment Rights: Include when the note may be transferred or assigned to other parties

5. Insurance Requirements: Include when specific insurance coverage is required to secure the note

6. Dispute Resolution: Optional detailed dispute resolution procedures beyond standard court proceedings

What schedules should be included in a Rental Promissory Note?

1. Payment Schedule: Detailed breakdown of payment amounts, due dates, and allocation between rent and other charges

2. Property Description: Detailed description of the rental property, including any specific inclusions or exclusions

3. Rental Agreement Reference: Copy or key terms of the underlying rental agreement

4. Security Details: If applicable, detailed description of any security or collateral provided

5. Guarantor Information: If applicable, detailed information about the guarantor and their obligations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Australia

Publisher

Genie AI

Document Type

Promissory Note

Sector

Banking

Cost

Free to use

Find the exact document you need

Promissory Note For Real Estate Purchase

An Australian-compliant financial instrument documenting a buyer's promise to pay for real estate purchase, including payment terms and security interests.

Download

Promissory Note For Vehicle Purchase

An Australian-compliant promissory note documenting a buyer's legally binding promise to pay for a vehicle purchase, including payment terms and vehicle details.

Download

Promissory Note

An Australian-compliant financial instrument containing a written promise to pay a specified sum of money under defined terms and conditions.

Download

Promissory Note For Remaining Balance

An Australian law-compliant financial instrument documenting a promise to pay a remaining balance after initial payment, including specific repayment terms and conditions.

Download

Hospital Promissory Note

An Australian-compliant promissory note documenting a patient's commitment to pay for hospital services received, incorporating healthcare regulations and payment terms.

Download

Form Of Secured Promissory Note

An Australian law-governed financial instrument combining a promise to pay with security interests, documenting a secured debt obligation between lender and borrower.

Download

Promissory Note For Rent Owed

An Australian legal document establishing a tenant's binding promise to pay outstanding rent arrears, governed by federal and state legislation.

Download

Note Payable Form

An Australian-compliant legal document evidencing a promise to pay a specific sum of money, detailing payment terms and conditions between a borrower and lender.

Download

Guarantor Promissory Note

An Australian law-governed document combining a promissory note with a guarantee agreement, where a guarantor backs the maker's promise to pay a specified sum to the payee.

Download

Promissory Note For Services Rendered

An Australian legal document combining a promissory note with acknowledgment of services rendered, providing a binding payment promise governed by federal and state laws.

Download

Mortgage Note Form

An Australian legal document that establishes the terms and conditions of a property-secured loan between a lender and borrower, compliant with federal and state mortgage regulations.

Download

Unconditional Promissory Note

An Australian law-governed financial instrument containing an unconditional written promise to pay a specific sum of money, regulated under the Bills of Exchange Act 1909.

Download

Cash Promissory Note

An Australian-compliant financial instrument containing a written promise to pay a specific sum of money, governed by the Bills of Exchange Act 1909.

Download

Bill Of Sale With Promissory Note For Automobile

An Australian legal document combining vehicle sale documentation with a promissory note for installment payments, conforming to Australian federal and state vehicle transfer regulations.

Download

Installment Promissory Note

An Australian law-governed document establishing a formal promise to repay a specified sum through scheduled installment payments, including interest terms and security provisions.

Download

International Promissory Note

An Australian law-governed formal promise to pay a specified sum in an international context, compliant with the Bills of Exchange Act 1909.

Download

Simple Promissory Note For Personal Loan

An Australian-compliant promissory note documenting terms and conditions for a personal loan agreement between a lender and borrower.

Download

Loan Note

An Australian law-governed financial instrument documenting terms of a loan between an issuer and noteholder, including principal, interest, and repayment conditions.

Download

Unsecured Promissory Note

An Australian law-governed financial instrument documenting an unsecured promise to pay a specified sum of money, with defined repayment terms and conditions.

Download

Standard Promissory Note

An Australian-compliant financial instrument documenting a formal promise to pay a specified sum of money under defined terms and conditions.

Download

Promissory Note With Notary

An Australian legal document containing a notarized promise to pay a specified sum of money, governed by federal and state legislation including the Bills of Exchange Act.

Download

Promissory Note For Delayed Payment

An Australian-compliant financial instrument documenting a promise to pay a specified sum at a future date, governed by federal and state legislation.

Download

Promissory Letter For Hospital Bill

An Australian-compliant legal document where a patient or guarantor formally commits to paying outstanding hospital bills according to specified terms and conditions.

Download

Negotiable Promissory Note

An Australian-compliant financial instrument containing a written promise to pay a specified sum, governed by the Bills of Exchange Act 1909 (Cth).

Download

Hospital Bill Promissory Note

An Australian-compliant promissory note documenting a patient's legally binding commitment to pay outstanding hospital bills according to agreed terms.

Download

Financial Promissory Note

An Australian law-governed financial instrument documenting a formal promise to pay a specified sum of money, including payment terms and conditions.

Download

Convertible Promissory Note

An Australian law-governed debt instrument that converts to equity shares under specified conditions, commonly used for startup bridge financing.

Download

Balloon Promissory Note

An Australian-compliant financial instrument documenting a debt obligation with regular payments and a large final balloon payment, including all terms and conditions of the lending arrangement.

Download

Shareholder Promissory Note

An Australian law-governed promissory note documenting a company's promise to pay a specified sum to a shareholder, including payment terms and security arrangements.

Download

Promissory Note With Personal Guarantee

An Australian-law governed financial instrument combining a promise to pay a specified sum with a personal guarantee, establishing primary and secondary payment obligations.

Download

Promissory Note Secured By A Mortgage

An Australian legal document combining a promissory note with a mortgage security interest, establishing both a promise to pay and a property security arrangement under Australian federal and state laws.

Download

Promissory Note Repayment Schedule

An Australian legal document that outlines the structured repayment terms of a debt, including payment schedules, amounts, and interest calculations.

Download

Promissory Note Letter

An Australian law-governed financial instrument documenting a written promise to pay a specific sum of money, including payment terms and conditions.

Download

Payable On Demand Promissory Note

An Australian law-governed financial instrument containing an unconditional promise to pay a specified sum on demand to the payee.

Download

Full Recourse Promissory Note

An Australian law-governed financial instrument containing an unconditional promise to pay a specified sum, with full recourse rights against the maker's assets.

Download

Personal Guarantee On Promissory Note

An Australian law-governed personal guarantee agreement securing a promissory note, establishing the guarantor's commitment to fulfill the debtor's obligations upon default.

Download

Promissory Note For Business Purchase

An Australian legal document establishing a promise to pay a specified sum for a business purchase, governed by federal and state laws.

Download

30 Day Promissory Note

An Australian-compliant financial instrument documenting a promise to pay a specified sum within 30 days, governed by federal legislation.

Download

Interest Only Promissory Note With Balloon Payment

An Australian-governed promissory note featuring interest-only payments with a final balloon payment, incorporating required consumer protection elements and payment terms.

Download

Business Promissory Note

An Australian-law governed financial instrument documenting a business's written promise to pay a specified sum under defined terms and conditions.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it