Rent Receipt Template
Keep track of rental payments and ensure peace of mind for you and Tenant(s). This downloadable and fully customisable Rent Receipt gives you the ability to keep records of when and how much rent has been paid each rental period.
| £2.99 |
Keeping track of payments is an essential task for any Landlord. If you do not keep accurate records of when rent has been paid and how much has been paid you could lose money by not chasing up missed payments.
When do I need to use a Rent Receipt?
You can choose to have your rent paid in one of two ways. You could ask your Tenant(s) to transfer their rent directly into your bank account, either manually or by setting up a Standing Order. Alternatively you could collect the rental payments from your Tenant(s) in person, either by visiting them to collect or requesting that they attend your office to pay by cash or cheque.If your Tenant(s) pay by bank transfer or Standing Order then there will be evidence in the form of bank statements that the rent has been paid. If you are collecting payments in person there will be no automatic proof of payment and so issuing a Rent Receipt will ensure that evidence of the rent being paid is produced.
Benefits to collecting payments in person
It is true that having rent paid directly into your bank account is the simplest way of receiving rental payments. However, there are benefits to collecting rent in person. It gives you the chance to see your Tenant(s) regularly and so any problems are more likely to be highlighted at an earlier stage. You can also address the issue of non-payment with the Tenant(s) instantly and so you will not be left having to chase up non-payments after discovering that the rent was not paid into your bank account.Do I only need to use a rent receipt for cash payments?
You can use a Rent receipt in any way you like. The majority of rent receipts will be issued to Tenants paying by cash or cheque as there is no other form of proof that they paid the rent. However, as the downloadable Rent Receipt template is available in a fully customisable Word format you can fill the form in electronically and email a copy to your Tenant(s) upon receipt of their rent into your bank account. This would give your Tenant(s) peace of mind that their rent has been received.Creating your own forms takes time and effort that is unnecessary when you can download a fully customisable Rent Receipt for such a small fee. Drafted by experts in the lettings field the Rent Receipt ensures you detail all the required information and will keep your paperwork consistent and professional.
| £2.99 |
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