Consequences of Late Rent Payments

Consequences of Late Rent Payments

Being late with rent payments might not seem like much at the time. Crises come up—a loved one becomes ill, you have to cover the associated costs, your pay cheque falls on a non-rental date, or you’re simply experiencing financial difficulties. However, if you are a regular rent defaulter, paying your rent late can have serious repercussions. The consequences of late rent payments can be severe, including late fees and damage to a credit score.…