Landlords often provide tenants with convenient options for paying the rent online. Get notified when a payment is made and when it’s been deposited in your account. Related: Looking for an easier way to collect rent from your tenants? Check out Stessa rent collection – a free tool that makes it easy for tenants to pay on time, and automate key tasks like deposits, receipts, and accounting. Download free rent receipt template PDF.Download free rent receipt template in Excel.We’ve put together a free rent receipt template you can download in Excel and PDF formats: Here’s a sample of a rent receipt for landlords: Tenant’s signature to acknowledge the rent receipt completed by the landlord is correct.Remaining balance, if a partial rent payment is accepted, along with any applicable late fees.Method of payment, such as cash, debit/credit card, or check and check number.Property address, including unit number, if applicable.If a rent check is returned due to non-sufficient funds (NSF), a landlord can still pursue a tenant for nonpayment because a copy of the bounced check proves the rent was not paid.Ī rent receipt generally includes the following information: However, a rent receipt doesn’t protect a tenant who writes a bad check because a rent receipt isn’t proof that a check has cleared the bank. For example, if a tenant claims to have paid the rent on time when it was actually received late, a written rent receipt can keep any dispute from escalating. Minimizing payment discrepancies or disputes with a tenant is another benefit of using rent receipts. With so many people working from home, a tenant may want to use rent receipts as a backup in case part of the rent is being claimed as a home-office tax deduction. A tenant can use rent receipts to build credit history by showing the rent is current and has been paid on time. Rent receipts are beneficial for tenants.

While a landlord may be able to use monthly bank statements as backup, rent receipts can keep record-keeping clean and straightforward and provide a tenant with proof of payment. Record-keepingĪ rent receipt creates a record for rent payments, particularly if a tenant pays the rent with cash or with a money order or cashier’s check. The first thing that might come to mind is where the money is actually going. Imagine going into the local convenience store, paying cash for a few items, and not receiving a receipt. Rent receipts help landlords and property managers project professionalism.

Even if it is not required by law, many landlords use rent receipts as a good business practice. Some local or state laws may require landlords to provide tenants with rent receipts.

Rent receipts can also be sent to a tenant after the rent payment is received in the mail or when the monthly rent is paid online. If a tenant pays the rent in person, a rent receipt is typically written up and signed by the landlord and tenant, with both parties keeping a copy for their own records. Landlords use rent receipts to project more professionalism, create a record, and minimize rent payment disputes with tenants.Ī rent receipt acknowledges that a tenant has paid the rent.Īlso known as a rental fee invoice, rent remittance voucher, or rent payment slip, a rent receipt is similar to the receipts received for other financial transactions, such as a statement received when a bank deposit is made.Some local and state landlord-tenant laws require landlords to provide tenants with rent receipts.Information on a rent receipt includes the date of rent receipt, tenant name, payment method and amount, and whether there is an outstanding balance due.A rent receipt is provided to a tenant to acknowledge the rent was received.We’ll explain why landlords use rent receipts, cover the information to include on a rent receipt, and provide a free rent receipt template for landlords in both Excel and PDF formats. Regardless of how rent is received, providing a tenant with a rent receipt is a good business practice and may even be required as part of the rental agreement or by local and state landlord-tenant laws. Still others enhance the tenant experience by offering tenants the option to pay rent online.

Some owners prefer tenants to pay by cash or money order to reduce the risk of bounced rent checks other landlords are OK with accepting checks. Collecting rent is the main reason for investing in rental property, and landlords can accept rent payments in various ways.

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