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A notice of current rent balance is a formal alert from landlords to tenants regarding unpaid rent. It serves as an essential document for landlords, especially if legal proceedings arise. Such notices typically become necessary when rent, due on a date specified in the lease, remains unpaid after the due date. Although many leases specify the first of the month, tenants and landlords can agree to other dates. Some states allow a grace period after the due date before considering rent late. A rent balance letter is appropriate once this grace period has elapsed. For state-specific due dates and rules, refer to the provided link in the video description.
