Hello friend. I have been living in a rental 2 BHK apartment for 3 years, now. One of my flatmates asked me
do you pay rent in advance or arrears
. I was able to clarify his doubt as I was aware of the following process. Let me guide you through it as well.Is the Rent Paid in Advance or in Arrears" target="_blank" rel="noopener noreferrer">
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House rent generally needs to be paid within 15 days after the start of a month. Such terms are also stated in the rental agreement. My landlord clearly asked me to pay the rent by the 10th of every month, so I never delay paying it. In fact, when my friend asked me- is rent paid in advance or arrears, I suggested that she pay it in advance. At no cost, rent should be paid in arrears or delayed until discussed or agreed upon.
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Is commercial rent paid in advance or arrears?
Rent is always paid in advance, be it residential or commercial. If the rent is not paid in time, the money owed will be called rent arrears. Areas mean unpaid, overdue debt in simple terms. Such payments are not made by the due date and are termed "arrears." Once or twice, these rent arrears are okay, but if they happen consecutively, the tenant might even get evicted.
Suppose you are to pay the rent by the 15th of every month as per your rental agreement, but you pay it on the 16th, 17th, or after that. In such cases, your payments will be considered in arrears and might impact your overall image as well.
So if you ask me whether to pay rent in advance or arrears, I will suggest you go with the former.
I hope this answers the query- is rent paid in advance or arrears.
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Authors Of The Question
Is Rent Paid in Advance or Arrears?
Anonymous
3204 Views
2 Answers
1 Year
2023-03-05T19:36:41+00:00 2023-10-21T23:21:30+00:00Comment
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