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RENTAL ARREARS POLICY Approved by the Board of Directors June 22, 2006 1. If by the tenth working day of the month, a tenant has not paid rent, a reminder letter is issued advising the tenant that

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What is rental arrears policy?

Rental arrears policy is a set of rules and guidelines outlining the procedures for managing and collecting overdue rent payments.

Who is required to file rental arrears policy?

Landlords and property management companies are typically required to have and file a rental arrears policy.

How to fill out rental arrears policy?

To fill out a rental arrears policy, include information on how late payments are handled, any late fees charged, and the steps taken to collect overdue rent.

What is the purpose of rental arrears policy?

The purpose of a rental arrears policy is to ensure consistent and fair treatment of tenants who fail to pay rent on time.

What information must be reported on rental arrears policy?

Information to report on a rental arrears policy includes the process for notifying tenants of late payments, any applicable late fees, and the steps taken to collect overdue rent.

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