Define: Rent Arrears
Rent Arrears means overdue rental payments under a lease agreement.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Rent Arrears means overdue rental payments under a lease agreement.
Relevant Circumstances
- Payment default by tenant
- Termination of lease agreement due to non-payment