Rent Arrears
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What are Rent Arrears?
Rent Arrears refers to the amount of rent that is overdue or unpaid by a tenant.
When a tenant falls behind on their rent payments, the outstanding amount is considered to be in arrears. This can occur for various reasons, such as financial difficulties, disputes with the landlord, or simply forgetting to pay on time.
Rent arrears can lead to legal consequences, including eviction if the issue is not resolved.
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