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A notice of current rent balance is an official alert from landlords to tenants regarding unpaid rent. It serves as a crucial document for landlords, especially in potential legal proceedings. A notice is typically issued when rent, due on a date specified in the lease agreement, remains unpaid after this date. While the first of the month is common for rent due dates, landlords and tenants can agree on different dates. Some states allow a grace period before considering rent late, so it's essential to check specific state rules. For practical purposes, landlords may choose to wait before issuing a rent balance notice.