How is Rent Arrears defined in a legal contract?
- Rent Arrears means past due rentals, specifically rentals more than [number] days overdue and rentals less than [number] days overdue if owed by a tenant that is over [number] days late in the payment of rentals for the previous month. Seen in 2 SEC filings
- Rent Arrears means rent that remains unpaid after the due date for the payment under a commercial lease. Seen in 2 SEC filings
- Rent Arrears means any overdue portion of the annual rent payable by the tenant under the tenancy documents that remains unpaid at the date of actual completion, regardless of whether it has been demanded or not. Seen in 1 SEC filing
- Rent Arrears means rental payments that are overdue. Seen in 1 SEC filing
- Rent Arrears means one or more rental payments under the tenancy agreement that have not been paid by the tenant when they were due. Seen in 1 SEC filing
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Rent Arrears means overdue rental payments under a lease agreement.
Relevant Contract Types
Relevant Circumstances
- Payment default by tenant
- Termination of lease agreement due to non-payment
Relevant Sectors
Genie Definition 2
Rent Arrears means unpaid rent after the due date under a given tenancy agreement.
Relevant Contract Types
Relevant Circumstances
- Payment default by tenant
- Lease renewal negotiations
Relevant Sectors
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Rent Arrears means overdue rental payments under a lease agreement.
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