Terminating a deferred payment agreement

23.1    The deferred payment agreement will be terminated when: 

• the adult or their representative provides the council with written notice as agreed in the deferred payment agreement of their intention to terminate the agreement and repays the deferred amount in full to the council
  
  
• the secured property is sold. In these circumstances the adult or their financial representative must notify the council in writing of the intention to sell the property as agreed in the deferred payment agreement and must repay the deferred amount in full to the council on conclusion of the sale; or
  
  
• the adult dies and the deferred amount is repaid. The deferred amount becomes due for repayment 90 days after the death of the adult or as agreed by the council 

23.2    Irrespective of the reason for termination interest continues to accrue on the deferred amount until full repayment is received by the council.  

23.3    When the deferred amount has been repaid in full, the council will discharge the charge over the property.