Interest on Arrears

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Recession is a 9 letter word, Entreprenuer is 12
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In standard AST's there is a clause that includes interest to be added to arrears. The figure may vary but the AST I have in place with a Tenant states a figure of 4% above UK Base rate to be 'applied from 'time to time' has anybody had any experience of dealing with applying interest to tenant arrears? I was thinking of applying it on a monthly basis or should I apply it daily or weekly?

thanks

26/01/2010 00:00

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