Promissory Note

FLORIDA PROMISSORY NOTE TEMPLATE

IOU Agreement | Personal Loan Contract | Editable Word Document

Lending money to a friend or family member? Borrowing from someone? Protect yourself and your relationship with a written agreement.

This professional Promissory Note template clearly documents the terms of any loan, preventing misunderstandings and providing legal proof of the debt.

WHAT'S INCLUDED:

• Complete Promissory Note template – All essential clauses included

• 4 Payment Options – Choose the structure that fits your loan

• Fill-in Fields – Clearly marked [BLANKS] for your information

• Optional Witness Section – Adds extra protection

• Optional Notary Acknowledgment – For official record-keeping

• Editable Word Format – Customize immediately

PAYMENT OPTIONS INCLUDED:

☐ LUMP SUM – Single payment by a specific date

☐ INSTALLMENTS – Monthly payments over time

☐ INTEREST-ONLY – Pay interest now, principal later

☐ DEMAND NOTE – Due when lender asks for repayment

KEY PROVISIONS COVERED:

• Interest Rate – Set your own rate (Florida usury limits apply)

• Late Charges – Specify fees for missed payments

• Default – What happens if borrower doesn't pay

• Prepayment – Borrower can pay early without penalty

• Attorneys' Fees – Who pays if collection is needed

• Governing Law – Florida law applies

WHY USE A WRITTEN PROMISSORY NOTE?

✓ Prevents "I thought you said..." misunderstandings

✓ Provides proof the loan existed

✓ Shows clear repayment terms

✓ Professional and binding

✓ Protects relationships by setting clear expectations

PERFECT FOR:

• Personal loans between friends or family

• Business loans to partners or associates

• Seller financing for vehicles or equipment

• Documenting any money lending arrangement

IMPORTANT: This is a BLANK TEMPLATE only. It is not legal advice and does not create an attorney-client relationship. Consult a qualified attorney for complex transactions or if the loan amount is substantial.

Format: Microsoft Word (.docx)

Pages: 7 pages

Instant digital download – No physical product will be shipped.