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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 2 December 2020 - onwards
Version 3 of 3

Schedule 3 Form Of Notice To Be Given In Non-Default Cases Before A Creditor Or Owner Can Become Entitled To Terminate A Regulated Agreement

Regulation 2(3)

Details of agreement

1. A description of the agreement sufficient to identify it.

Parties to agreement

2.

(1) The name and a postal address of the creditor or owner.

(2) The name and a postal address of the debtor or hirer.

Term of the agreement providing for termination

3. The term of the agreement providing for termination of the agreement by the creditor or owner, or a reference to and a short description of that term.

Action to terminate the agreement

4. A clear and unambiguous statement by the creditor or owner -

(a) indicating that by the giving of the notice he is terminating the agreement and indicating any steps that he intends to take to effect the termination or, as the case may be, indicating the manner and circumstances in which he intends to take action to terminate the agreement; and

(b) indicating the date, being a date not less than seven days after the giving of the notice, of the termination or, as the case may be, the date on or after which he intends to take action to terminate the agreement.

Rights and liabilities arising by reason of the termination of the agreement