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Letter of Demand for Client’s Account
Letter of Demand for Client’s Account
Original price was: R 390,05.R 273,04Current price is: R 273,04.
Formal written request for payment of outstanding debt on a client account.
- Establishes clear payment expectations.
- Increases likelihood of payment.
- Provides legal documentation for collections.
LETTER OF DEMAND FOR CLIENT’S ACCOUNT
Summary These Demand Letters may be used where a debt is owed to your client by a debtor, and has not yet been repaid. A demand notice calls on the debtor to pay the debt by a certain date, 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 the debtor a deadline for the payment. We have included two notices of demand in this pack. A first demand letter acknowledges that payment may have been made, in which case this letter can be ignored. Ie. The wording of the first letter is more lenient. The wording of the final demand 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 conduct a business where you assist your clients in collecting outstanding debt, these demand notices may be used to call on the debtors to pay the amounts owed.
What do the Notices of Demand say? Each demand letter: Confirms the amount that is due; Gives the debtor a deadline in which to pay; Cautions the debtor of the consequences should the debt not be paid.
What does the template Letter of Demand look like? Each demand notice can be printed onto one page.
What do you need to do to use the template Demand Letters?
- Read the document to ensure that it suits your requirements. Make changes as required.
- Complete the relevant details, and send the first demand letter to the debtor.
- If the debtor fails to pay, send the Final Demand. The final demand notice can be used on its own, without the first demand notice having been sent, if circumstances warrant it.
Also viewed: Acknowledgement of Debt
Also known as: Demand Letter; Final Notice
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