Non-performing

1. Law - contract - other arrangements.

An individual or other party that is not complying with a contract or other arrangement.

For example, a tenant that is not paying the rent.

Commercial property - non-performing tenants

"When it comes to the financial health of this sector, landlords will vary as to whether they will accept reduced rents or move to take action with non-performing tenants once eviction protections come to an end."

Ian Chisholm, group treasurer, Grosvenor Group - The Treasurer, Issue 2, June 2021, p40

2. Loans - other assets.

Any asset that is not producing the income or other cash flows due, or expected from it.

For example the scheduled interest and capital payments on a loan.

See also

• Contract
• Landlord
• Law
• Non-performing asset
• Non-performing loan
• Party
• Performance
• Rent
• Tenancy
• Tenant