How Long Does a Landlord Have to Collect Unpaid Rent?

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How Long Does a Landlord Have to Collect Unpaid Rent?

It may seem obvious, but collecting rent is one of the most critical aspects of property management. Tenants who fail to pay rent can pose tremendous difficulties to themselves and the landlord. For the landlord, non-payment of rent could mean missed mortgage payments, delayed maintenance or repairs, and reduced cash flow for your business and investment. On the tenant side, not paying rent could mean late fees, penalties, or even eviction. In t…