The Use of Rent Receipt
As a landlord or tenant, a rent receipt template is needed to be used as legal documentation for both parties to keep track of the rental payment given by the tenant. Usually, it serves as a remittance slip whenever the tenant gives the payment to the landlord in a certain period. As an example, if you are a landlord of a property and the tenants want to pay on the monthly basis, this receipt should be used. The landlord will write this receipt otherwise the tenant can photocopy or scan the document for their record. A one-time rental fee like a vacation or holiday rental property owned by a private citizen can also document the payment with this kind of receipt.
In some cases, the landlord may not use this rent receipt. That decision will make some consequences that should be faced by the landlord someday, such as defaults, poor litigation, insecure tenants, and reduce revenue inflows. Defaults in here mean that if the tenants know that the landlord is not keeping track or record the payment accurately, advantages can be taken by the tenant or even they skip the payment and lie about it even though they haven’t remitted the payments. Therefore, if the rental payment case spills over to the courtroom, the landlord may be at a disadvantage since there is no concrete proof about the payment so that they can’t defend themselves. Using this receipt will also make both parties trust each other and use it as security.
Other Samples of Rent Receipt Template :
The landlord can use a printout receipt but if the landlord has any other application to be used for this receipt, they can also use it. Somehow, if you decide to make one by yourself, even though what include may vary, you have to include some important parts which explain everything in a page of the rent receipt template. They are the date of payment, amount of payment, name of the landlord, the signature of the landlord, tenant’s name, tenant’s address, and rental period. If the tenant does not pay by himself, you can write the name of the person who paid the rent as like her parents or others. If you are interested in this type of template, you can download one for free at the bottom of this page.
Rent Receipt Template | Word – download
