Instructions for how and when to respond (e.g.Deliver the payment to the lender's address) The borrower defaulted on a payment of $1,000.00 due on the first of the month as per the contract, violating our written agreement) What you are demanding and why you're sending the letter (e.g. If you're using an LOD for any of the above scenarios, include the following elements in your letter: By nature, an LOD can be threatening, which is why it's important to remain clear and polite. You should stick to the facts when writing a Demand Letter. You might want to contact a lawyer to discuss your legal rights and responsibilities. Further, you may be liable for any court costs, lawyer fees and damages, including punitive damages. Please note that if I have to commence legal proceedings in order to secure repayment of the debt owing, this letter will be tendered in court as evidence of your failure to attempt to resolve this matter. I hereby demand that payment of the full amount of the Debt be paid to me within _ days from the date of this letter at the following address: _. You were to have paid the amount of $_ CAD (the "Debt") to me on Maand this Debt remains outstanding despite my requests for payment.
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May 2023
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