Workout Agreement - Updated 12292020
Workout Agreement - Updated 12292020
Workout Agreement - Updated 12292020
Article 1: Definitions
A. The following capitalized terms, which are alphabetically listed, shall be defined and used throughout
this Workout Agreement as followed. These definitions are hereby incorporated into this Workout
Agreement and shall serve as a material part of this Workout Agreement.
County. The term “County” means Orange County, Florida, a political subdivision of the State of
Florida.
Covered Rent. The term “Covered Rent” means the amount that the County will pay the Landlord
for any and all rent and fees (if any) accrued and owed by the Tenant during the Covered Rental
Period if the Program Application is approved. This amount will be calculated by the County based on
the Program criteria and shall not exceed $4,000. See Article 5, Paragraph A for the Covered Rent.
Covered Rental Period. The term “Covered Rental Period” means the period of time for which the
County is providing the Covered Rent payment under the Program. For the purposes of this
Workout Agreement, the Covered Rental Period is: April 1, 2020 through the date the Landlord
executes this Workout Agreement.
Landlord. The “Landlord” is/are the owner(s) of the Residential Rental Property to whom, pursuant
to a Lease, the Tenants have an on-going rental payment obligation. See Article 3, Paragraph A for
the full list of individuals or entities that shall collectively be referred to in this Workout Agreement as
the Landlord.
Lease. The “Lease” is the current agreement between the Landlord and the Tenant pursuant to
which the Tenant has agreed to pay the Landlord monthly rent in order to reside at the residential
rental property owned by the Landlord. If the Tenant is a month-to-month holdover based on the
terms and conditions of an expired lease, then that expired lease shall be the Lease. See Article 3,
Paragraph C for more information regarding the Lease.
Program. The term “Program” means the Orange County CARES Act Eviction Diversion Program.
Program Application. The term “Program Application” means the application completed and
submitted by the Landlord and the Tenant through the Program’s online portal.
Program Participation Agreement. The term “Program Participation Agreement” shall refer to
the agreement entered into between the Landlord and the Tenant through the Program’s online portal
prior to being able to access and complete the Program Application.
Residential Rental Property. The “Residential Rental Property” is the residential rental home
or residential rental unit for which the Landlord and Tenant have a rental arrangement pursuant
to a Lease. See Article 3, Paragraph B for more detailed information on the Residential Rental
Property.
Tenant. The “Tenant” is/are the individual(s) legally residing at the Residential Rental Property and
who, pursuant to a Lease, have an on-going rental payment obligation to the Landlord. See Article 3,
Paragraph A for the full list of individuals that shall collectively be referred to in this Workout
Agreement as the Tenant.
A. The following recitals are hereby incorporated into this Workout Agreement and therefore shall be
considered a material part to this Workout Agreement:
1. Landlord and Tenant agreed to participate in the Program on their free will and volition and,
by so doing, agreed to enter into this Workout Agreement.
2. This Workout Agreement establishes a legally binding agreement between the Landlord and
Tenant that memorializes the obligations of the parties related to their participation in the
Program.
AND
Select one:
Tenant Type: ☐ A sole tenant (one person)
☐ Multiple tenants (more than one person)
B. This Workout Agreement is regarding the Residential Rental Property located at:
Unit Number
Rental Arrangement
Select one:
☐ A current lease that expires on the following date: _______________
Rental Arrangement
☐ A month-to-month holdover tenancy pursuant to a lease that expired
on the following date: _________________
D. Both the Landlord and the Tenant may be individually referred to as “party” or collectively referred to
as “parties” in this Workout Agreement.
A. The Landlord and Tenant affirm the following as of the date each respectively signed this Workout
Agreement that:
1. With the exception of failure to pay rent during the Covered Rental Period, the Tenant is in full
compliance with the Lease between the Landlord and the Tenant.
2. The Landlord currently has no pending eviction or collection actions against Tenant for reasons
other than the Tenant’s failure to pay rent and/or fees accrued during the Covered Rental
Period, nor are there any notices of non-compliance with the Lease or terms of tenancy that
are outstanding, or unresolved, as of this date but for those related to Tenant’s failure to pay
rent and/or fees that accrued during the Covered Rental Period.
3. If the Landlord does have pending eviction or collection actions against the Tenant due to the
Tenant’s failure to pay rent and/or fees accrued during the Covered Rental Period, the
Landlord hereby agrees to stay such actions until the County: (a) approves the Program
Application, at which point the Landlord agrees to withdraw any and all such actions as soon
as practicable; or (b) denies the Program Application, at which point the Landlord will be
permitted to proceed with such actions.
4. Tenant gives consent for the Covered Rent payment to be made directly to the Landlord on
the Tenant’s behalf. Moreover, the Tenant understands and acknowledges that they do not
have any claim to the Program funds that are allocated to pay the Landlord.
A. Covered Rent. Should the County approve the Program Application, the Covered Rent paid by the
County to the Landlord on the Tenant’s behalf shall be: $ , the receipt of which the
Landlord agrees to accept as full and acceptable payment and consideration for: (1) any and all rent
and fees (if any) accrued and owed by the Tenant during the Covered Rental Period; (2) entering
into this Workout Agreement; and (3) providing the conditional limited release and waivers provided
in Article 5, Paragraph C below.
B. Condition. The Landlord agrees to provide the following conditional limited release and waivers
provided for in this Article 5, Paragraph C below, so long as the following “Condition” is met:
The County approves the Program Application for payment to the Landlord of the
Covered Rent in the amount indicated in Article 5, Paragraph A.
1. Landlord’s Conditional Limited Release of Tenant. The Landlord hereby releases the
Tenant from the Tenant’s obligation to pay any and all rent and fees (if any) accrued and owed
by the Tenant for the Covered Rental Period, whether such obligation is pursuant to law,
equity, or the Lease. This conditional limited release applies to any and all rent and fees
(if any) accrued and owed by the Tenant for the Covered Rental Period, even if the
Covered Rent payment provided by the County on the Tenant’s behalf is in an amount
less than the actual amount of rent and/or fees owed by the Tenant for the Covered
Rental Period. Additionally, this conditional limited release only applies to rent and fees
(if any) accrued and owed by the Tenant during the Covered Rental Period. The Tenant
shall continue to be responsible for payment of any rent and/or fees accrued by the
Tenant at any point after the Covered Rental Period.
2. Landlord’s Conditional Limited Waiver of Eviction Rights. The Landlord hereby waives
any and all rights it has to evict the Tenant for any breach by the Tenant of the Lease that
occurred during the Covered Rental Period including, but not limited to, the Tenant’s failure to
pay rent and fees (if any) and whether such right to evict is pursuant to law or contract. This
conditional limited waiver is limited only to breaches by the Tenant of the Lease: (a) of
which the Landlord was aware as of the date of the Landlord’s execution of this Workout
Agreement; and (b) that occurred during the Covered Rental Period. Breaches by the
Tenant that occur, or re-occur, after the end of the Covered Rental period are not
included in this conditional limited waiver.
1. The Landlord hereby certifies that once the Condition in Article 5, Paragraph B is met, that it
shall withdraw any and all eviction and collection actions that are filed against the Tenant for
failure to pay rent and/or fees (if any such actions had been filed).
2. The Landlord reaffirms its obligation to not initiate (or reinitiate) any eviction proceedings
against the Tenant for failure to pay rent and/or fees until the earlier of the two following events
occurs: (a) the County denies the Program Application; or (b) twenty (20) business days from
the date the Landlord executed the Program Participation Application has lapsed.
E. In the Event of Denial of Covered Rent Payment. Should the County deny Covered Rent payment
to the Landlord after the Condition in Article 5, Paragraph B, was met, the releases and waivers
provided by the Landlord in Article 5, Paragraph C, shall be null and void upon the Landlord’s receipt
of notice from the County of such denial with no further action required by the Landlord or the Tenant.
F. Reservation of Landlord’s Rights. Except as otherwise expressly stated or provided for in this
Workout Agreement or the Program Participation Agreement, nothing contained in this Workout
Agreement waives, limits, prejudices, or adversely affects any of the Landlord’s rights, remedies, or
powers under its Lease with the Tenant, or any rights, remedies, or powers that the Landlord may
have by statute, at law, or in equity, all of which rights, remedies and powers are expressly reserved.
A. Tenant’s Continuing Lease Obligations. By executing this Workout Agreement, the Tenant hereby
understands, affirms, and acknowledges that, regardless of the limited release and waivers provided
by the Landlord in Article 5 above, the Tenant must still comply with all terms and conditions of the
Lease that are not expressly released or waived by the Landlord in this Workout Agreement. This
includes, and is not limited to, any Lease prohibitions against damage to the Leased Premises, or any
terms for payment for rent, fees, or both rent and fees, that accrue after the Covered Rental Period.
A. Term. This Workout Agreement is effective as of the date both parties have fully executed it and
expires ninety (90) days thereafter.
B. Survivorship. Those provisions which by their nature are intended to survive the expiration,
cancellation, or termination of this Workout Agreement, including, by way of example only, the
conditional limited release and waivers provided by the Landlord in Article 5 of this Workout
Agreement, shall survive the expiration or termination of this Workout Agreement.
B. Governing Law. This Workout Agreement shall be considered as having been entered into in the
State of Florida, United States of America, and shall be construed and interpreted in accordance with
the laws of that state.
D. Representations. Neither party has relied upon any representations or statements made by the other
party to this Workout Agreement which are not specifically set forth in this Workout Agreement. The
parties declare that the terms of this Workout Agreement have been read by and/or to them, that they
have had sufficient time to consider the terms and conditions of this Workout Agreement, and that this
Workout Agreement is fully understood by the parties. Additionally, this Workout Agreement shall not
be construed against either party as though they were its drafter.
E. Severability. The provisions of this Workout Agreement are declared by the parties to be severable.
However, the material provisions of this Workout Agreement are dependent upon one another, and
such interdependence is a material inducement for the parties to enter into this Workout Agreement.
Therefore, should any material term, provision, covenant, or condition of this Workout Agreement be
held invalid or unenforceable by a court of competent jurisdiction, the party protected or benefited by
such term, provision, covenant, or condition may demand that the parties negotiate such reasonable
alternate contract language or provisions as may be necessary either to restore the protected or
benefited party to its previous position or otherwise mitigate the loss of protection or benefit resulting
from holding.
F. Signatory. Each signatory below represents and warrants that he or she has full power and is duly
authorized by their respective party to enter into and perform under this Workout Agreement. Such
signatory also represents that he or she has fully reviewed and understands the above conditions and
intends to fully abide by the conditions and terms of this Workout Agreement as stated.
G. Venue. Each of the parties hereby irrevocably submits to the jurisdiction of any federal or state court
of competent jurisdiction sitting in Orange County, Florida, regarding any legal action that arises either
directly or indirectly from this Workout Agreement, and further agrees that any such legal action shall
be heard and determined in such Florida federal or state court. Each party hereby irrevocably waives,
to the fullest extent it may effectively do so, the defense of an inconvenient forum to the maintenance
of any such legal action in Orange County, Florida.
H. Written Modification. No modification of this Workout Agreement shall be binding upon any party
unless it is reduced to writing and is signed by a duly authorized representative of each party to this
Workout Agreement.
This Workout Agreement constitutes the entire and complete agreement and understanding between the
Landlord and Tenant concerning the subject matter of the Workout Agreement and their respective
participation in the Program.
Only individuals or entities who meet the definition of “Landlord” in Article 1 (“Definitions”) above should
sign on behalf of the Landlord. The Landlord hereby executes this Agreement on the latest of the following
signatory dates below:
LANDLORD #1:
Signature Date
LANDLORD #2:
Signature Date
LANDLORD #3:
Signature Date
LANDLORD #4:
Signature Date
All individuals who meet the definition of “Tenant” in Article 1 (“Definitions”) above should sign on behalf of
the Tenant. The Tenant hereby executes this Workout Agreement on the latest of the following signatory
dates:
TENANT #1:
Signature Date
Printed Name
TENANT #2:
Signature Date
Printed Name
TENANT #3:
Signature Date
Printed Name
TENANT #4:
Signature Date
Printed Name
TENANT #5:
Signature Date
Printed Name