Rent deposit
Money held as security for a tenant’s obligations under a lease, commonly available to the landlord if specified defaults occur.
Related terms
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Rent
Payment made by a tenant for the right to occupy or use property under a lease or tenancy.
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Rent arrears
Rent that has fallen due but remains unpaid.
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Commercial Rent Arrears Recovery (CRAR)
A statutory procedure in England and Wales that can allow a commercial landlord to recover qualifying rent arrears from a tenant’s goods without first obtaining a court judgment.
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