Template

Free Promissory Note Template

Draft a legally sound loan agreement in under 60 seconds using our AI-driven template designed for clarity and professional enforcement.

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What's inside

Sections, vetted by counsel

01

Principal and Interest

Defines the exact amount borrowed and the annual interest rate applied to the loan.

02

Repayment Schedule

Outlines whether the loan is paid back in a lump sum, installments, or interest-only payments.

03

Late Fees and Penalties

Establishes the grace period and the financial consequences for missing a payment deadline.

04

Default and Acceleration

Specifies when the lender can demand the entire balance immediately if the borrower fails to pay.

05

Governing Law

Identifies which state's laws will be used to interpret and enforce the agreement.

How it works

From prompt to contract in 4 steps

1

Input Loan Details

Describe your loan terms, including the amount, interest rate, and parties involved.

2

AI Customization

Our AI adjusts the template to fit your specific needs, ensuring all clauses align with your intent.

3

Review with Track Changes

See every AI modification clearly highlighted so you can approve or edit the final language.

4

Export to Word

Download your finished Promissory Note as a professional .docx file ready for signing.

Customize Your Promissory Note
About

A Promissory Note is a written, unconditional promise by one party to pay a specific sum of money to another party on demand or at a specified future date. It serves as a formal record of a debt, clearly outlining the principal amount, the interest rate, and the repayment schedule. Unlike a simple IOU, a Promissory Note contains a clear commitment to pay and specifies the consequences of default, such as late fees or acceleration of the debt. It is commonly used for personal loans between friends or family, small business financing, and real estate transactions. Using a professional template ensures that both the lender and the borrower have a shared understanding of their obligations, reducing the risk of future disputes and providing a clear path for legal recourse if the terms are not met.

FAQ

Frequently asked questions

Is this Promissory Note template legally binding?
Yes, once signed by both parties, a promissory note is a legally enforceable contract. However, local usury laws and specific state regulations may apply.
Can I set any interest rate I want?
While you can choose a rate, most states have 'usury laws' that limit the maximum interest rate you can charge on a personal loan.
Can I export this to Microsoft Word?
Absolutely. Once the AI generates your document, you can export it as a clean, professional Word-grade .docx file.
Do I need a lawyer to use this template?
Our template is designed for self-service by freelancers and SMBs. If you have a complex or high-value transaction, consulting an attorney is always recommended.
How does the AI help with the template?
The AI takes your plain-English instructions and writes them into the appropriate legal sections, ensuring the tone remains professional.

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30-DAY NOTICE TO VACATE
DATE: [DATE OF NOTICE]
TO (LANDLORD/PROPERTY MANAGER): [LANDLORD NAME] PROPERTY ADDRESS: [FULL RENTAL PROPERTY ADDRESS]
FROM (TENANT): [TENANT NAME(S)]
1. NOTICE OF INTENT TO VACATE
Please accept this formal written notice that I/we, the undersigned Tenant(s), intend to vacate the premises located at [FULL RENTAL PROPERTY ADDRESS] on or before [LAST DAY OF TENANCY], which is at least thirty (30) days from the date of this notice.
2. LEASE TERMINATION
This notice is provided in accordance with the terms of the Lease Agreement dated [LEASE START DATE] and pursuant to applicable state and local landlord-tenant laws. The tenancy shall conclude at the end of the day on [MOVE-OUT DATE].
3. REASON FOR VACATING
(Optional) [INSERT REASON FOR MOVING, E.G., END OF LEASE TERM, RELOCATION, ETC.]
4. SECURITY DEPOSIT RETURN
I/we request that the security deposit of $[DEPOSIT AMOUNT] be returned in full to the following forwarding address within the timeframe required by law: Forwarding Address: [NEW MAILING ADDRESS]
5. PRE-MOVE OUT INSPECTION
I/we request a joint walk-through inspection of the premises before the move-out d
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AFFIDAVIT
STATE OF [STATE/PROVINCE] COUNTY OF [COUNTY]
1. IDENTIFICATION OF AFFIANT
I, [FULL LEGAL NAME], residing at [FULL ADDRESS], being of legal age and sound mind, do hereby solemnly swear and affirm under penalty of perjury that the following statements are true and correct to the best of my knowledge, information, and belief.
2. PURPOSE OF AFFIDAVIT
This Affidavit is executed for the purpose of [DESCRIBE PURPOSE, E.G., VERIFYING RESIDENCY, DECLARING IDENTITY, OR WITNESSING AN EVENT].
3. STATEMENT OF FACTS
I hereby attest to the following facts and circumstances:
* [FACT 1: Describe the first factual statement in detail.] * [FACT 2: Describe the second factual statement in detail.] * [FACT 3: Describe the third factual statement in detail.] * [FACT 4: Describe the fourth factual statement in detail.]
4. PERSONAL KNOWLEDGE
The facts stated in this Affidavit are within my personal knowledge and are true. I have not omitted any material facts that would make this statement misleading or inaccurate.
5. COMPETENCY
I am competent to testify to the matters stated herein and have full legal capacity to execute
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SOFTWARE DEVELOPMENT AGREEMENT
EFFECTIVE DATE: [DATE]
This Software Development Agreement (the "Agreement") is entered into by and between:
DEVELOPER: [DEVELOPER NAME], a [STATE] [ENTITY TYPE], located at [ADDRESS] ("Developer").
CLIENT: [CLIENT NAME], a [STATE] [ENTITY TYPE], located at [ADDRESS] ("Client").
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Developer agrees to perform the development services described in Exhibit A (the "Project"). Any changes to the scope must be agreed upon in writing via a Change Order signed by both parties.
2. COMPENSATION AND PAYMENT
Client shall pay Developer the total sum of $[AMOUNT]. Payments shall be made according to the following milestone schedule:
• [PERCENTAGE]% upon signing as a non-refundable deposit.
• [PERCENTAGE]% upon delivery of [MILESTONE 1].
• [PERCENTAGE]% upon Final Acceptance.
3. INTELLECTUAL PROPERTY RIGHTS
Upon full payment of all fees, Developer hereby assigns to Client all right, title, and interest in the Work Product created specifically for Client under this Agreement. Developer retains ownership of any pre-existing code, libraries, or tools ("Developer Materials") used in the Project, but grants Cli
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