Arrears
Unpaid balances that remain due from earlier periods.
Definition
Arrears is Unpaid balances that remain due from earlier periods. Teams usually run into it when rent has crossed its due date or is close enough to late status that follow-up rules start to matter.
What makes it useful is that clear late-balance control keeps the team consistent and shows residents what happens next. The term usually sits beside notices, fee rules, and the aging of outstanding balances.
Use cases
Use Arrears to apply late rules the same way across residents and properties.
Review Arrears when the team needs to explain what happens after a charge moves past due.
Track Arrears so operations can keep overdue balances aging in a way the team can act on quickly.