In addition to having physical proof of payment for monthly rent, here are a few more reasons why using rental receipts is important: Also, most tenants won’t request one-some don’t even know about them! However, like many things in life, you never need them until you do-and when you do, you’ll probably be grateful to have them. Landlords have plenty to do already, and providing a rent receipt for them and their tenants to sign sounds tedious.
Why Keeping a Paper Trail is Importantįirst off, we get it. Also, a rental receipt can aid their collection efforts if a renter’s check bounces. They can also be extremely helpful for landlords or property managers. Rent receipts are physical (sometimes digital) documents that make keeping track of payments easier. It’s harder to prove this if they pay in cash or with a cashier’s check. They’re often more for the tenant’s benefit than the landlord’s because it gives the renters evidence that they’ve honored the terms of their lease. What is a Rent ReceiptĪ rent receipt provides landlords and tenants with proof that rent was paid.
RENTAL RECEIPTS FOR TENANTS HOW TO
In this article, we’ll walk you through why you need a rent receipt, how to fill one out, and how to accept rent payments online. Even so, many landlords are not keeping a paper trail of what’s often their most significant form of monthly income: rent.Ī rent receipt is a simple document that shows that your tenant is paying rent. Any tax person will tell you that you should save a receipt for every business-related purchase, no matter how small.
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