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Paying rent late can result in costly late fees or even the end of your tenancy. For most people looking to get a house, taking out a mortgage and buying the property directly is their path to homeownership. In 2016, 36.6 percent of households rented their home which is very close to the 37 percent who paid rent five decades. More people rent their homes than at any point since 1965 but is that a worrying sign of the times or just the way it is? Renting has long been an easy way to sav.

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