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services will often waive a late fee if the rent is not paid for up to several days past the due date, but will deny the tenant access to his or her unit until the bill is paid.

Politics

In politics, a grace period or honeymoon period may be observed during the transition to a new administration as "an initial period of harmony and goodwill".

Advantages and disadvantages

Grace periods can provide some advantages. For example, people who habitually fulfill their obligations on time, but are late on a rare occasion

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