These receipts are a way for the landlord to keep track of all rent payments. A common example would be if you are the landlord of an apartment building where the tenants pay rent on a monthly basis. They record when the tenant paid rent which protects them in case the landlord wants to charge a fee for late payment.Ī rent receipt should be used by the landlord of a residential property occupied by tenants who make rent payments.They provide a “proof of purchase” or payment which protects them in case the landlord claims the rent payment was not made (especially when dealing with cash).They fulfill a state requirement (for some).įor tenants, rent receipts are important because:.For vacation properties, they record dates, amounts, and renter information.They act as a sales receipt, providing proof that a transaction took place.They help the landlord keep a record of all of the rent payments a tenant has paid in addition to when they made their payments and how much was paid.For landlords, rent receipts can be helpful for many reasons:
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