How is Delinquent Tenant defined in a legal contract?
- Delinquent Tenant means a tenant who hasn't paid their rent under a given lease for more than 31 days after the due date, except if the total delayed payments that are still owed are less than 25% of the monthly rent payable by the tenant and if the full amount of such delayed rent payment falls under an agreed payment plan. Any such payment plan ought to be on fair and standard terms and conditions that correspond to market standards. Seen in 6 SEC filings.
- Delinquent Tenant means a tenant who hasn't paid their rent under a given lease for more than 31 days past the due date. This applies to tenants who have unpaid rent amounting to 80% or more and other tenants who have an unpaid rent in part or in full. Seen in 4 SEC filings.
- Delinquent Tenant means a tenant whose rent payment remains unpaid for more than 60 days after the initial due date, assuming the amount exceeded a specified amount. Seen in 2 SEC filings.
- Delinquent Tenant means any tenant who has been behind in their rent payment for over 60 days at a specified date. Seen in 1 SEC filing.
- Delinquent Tenant means a tenant whose rental payment under a related lease remains unpaid for over 60 days after the due date, except if a specified date occurs or by certain terms and conditions that might alter the timeframe. Seen in 1 SEC filing.
- Delinquent Tenant means a tenant for whom any rent under a related lease remains unpaid, in whole or part, for over 31 days after the original due date for such payment. Seen in 1 SEC filing.
Note: The Genie AI Legal Assistant 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.
Search EDGAR for 'Definitions of delinquent tenant' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant 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
Delinquent Tenant means a tenant who hasn't paid the full or partial rental payment under an agreed lease, for more than [number] days from the original due date.
Relevant Contract Types
Relevant Circumstances
- Rental payment disputes
- Eviction proceedings
- Lease renewal decisions
Relevant Sectors
Genie Definition 2
Delinquent Tenant means a tenant whose outstanding rent exceeds a certain percentage of the monthly payment or falls outside an agreed payment plan.
Relevant Contract Types
Relevant Circumstances
- Rental payment disputes
- Negotiating payment plans
- Financial planning for landlords
Relevant Sectors
Are you creating, reviewing or negotiating a document?
🚀 Try our AI Legal Assistant! It can suggest a definition just for your specific needs (Simply import your contract, then ask it to draft a definition suitable for your document, that's it!)
Delinquent Tenant means a tenant who hasn't paid the full or partial rental payment under an agreed lease, for more than [number] days from the original due date.
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