As a landlord or property manager, you likely already know that providing a rent receipt is highly recommended and even required in some states. However, knowing which rent receipt template to choose and what information to include on it can prove to be challenging and perhaps even overwhelming. Using the information and free rent receipt templates below as your guide can help you find and even customize the right option for both you and your tenants.
Our free rent receipt template helps for different rules and regulations among states and countries regarding rent receipts, it is always good practice for landlords to provide them to tenants. In many states require landlords to provide tenants with rent receipts, free of charge, whenever they are requested. This rule may also apply to previous tenants who can request receipts within one year of having moved out.
Rent Receipt Template
Use for Excel, OpenOffice, and Google Docs
You will need to review your state or country’s laws to verify if providing a receipt is mandatory or required only upon request by the tenant. Failure to provide rental receipts when it is required by law can result in the filing of complaints by the tenants to local authorities, and fines being assessed against you. Also note that, if you provided a rent receipt for a tenant’s check that was returned uncashed for any reason, you may still pursue collecting that rent. Verifying payments, particularly those made in cash. No matter how you make your rental payments, receipts should be provided and kept. However, rental receipts are especially important for tenants who pay in cash, since aside from receiving a cash receipt there is no other paper trail.
Some states provide tax credits for renters. Having your rental receipts ensures you can verify that payments were made, making your tax credit easier to claim in the event additional documentation is needed. Credit reporting– Reporting rental payments that have been made on time and in full can help raise your credit score and demonstrate to lenders that you are trustworthy in paying your debts.
Rental history– When reviewing tenant applications, few factors are more important to landlords than your rental history. Having your rental receipts can help show that you have a positive payment history or can help you to dispute discrepancies that may appear on your credit report. Downloading our excel sheet will help you to take all the accounts easily without losing any points for the rent receipts.