Finance category
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Payment Plan Cure Rate Calculator
Payment plans let tenants cure arrears. This calculator tracks cure rate and sizes expected recovery.
Cure rate
58.0%
Expected recovery
$112,500
Re-default rate
30.0%
How the math works
Cure rate = completed ÷ started. Expected recovery weights defaulters at 10-15% recoverable.
Track cure rates by cohort. Plans offered in Q1 may cure differently than Q3. Optimize for structure (length, auto-debit, documentation) over leniency. Strict plans cure better than loose ones.
How to Use
- Enter plans active.
- Enter plans completed.
- Enter plans defaulted.
- Enter average plan balance.
- Read cure rate.
Frequently Asked Questions
Cure rate?
50-70% for well-structured plans with tenant committed. 20-40% for eviction-deferral plans. Rigorous documentation and LL oversight makes huge difference.
Plan design?
Short (3-6 payments max). Auto-debit preferred. Clear default consequences. Tie to rental concessions (no late fees if plan current). Simpler plans close better.
When to reject?
3+ prior defaults. Current income insufficient for plan + rent. Refusal of auto-debit. These flag high re-default risk.
What documentation matters here?
Written leases, move-in/move-out inspections with photographs, ledger entries showing every payment and charge, served notices with proof of service, and contemporaneous emails or texts. Courts weigh written evidence heavily; informal understandings rarely stand. Institutional operators run a monthly file audit to catch gaps before they matter. Good paper trails recover most of what's owed.
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