Summary

This type of application deals with persistent late payments. As per the new legislation, all late payments must be beyond 7 days and payments within 7 days are typically given more leniency.

Benefits of N8

If rent is consistently paid late, an N8 will remedy the issue.

An N8 is designed to ensure if the landlord needs the rent payment to cover things like a mortgage that it is taken in to account and the landlord has enough funds to keep with his or her obligations.