Deferral

Deferral is a legal term that refers to the postponement of a due payment or obligation to a later date. For instance, a tenant may agree with their landlord to defer rent payment for a month if they are facing temporary financial difficulties.

For residents in Germany or Austria, it is essential to know that a deferral should ideally be documented in writing to avoid misunderstandings. The deferral may also come with conditions, such as interest payments. It is advisable to check the relevant legal provisions in the BGB (§ 271) or SGB to understand one’s rights and obligations.

Related documents on DokBrief:

• Application for Installment Payment — Information about installment payments and deferral of debts.