Rent Receipt

Rent Receipt Template - Click To Download for FREE

As a Landlord, you will be required to create a rent receipt for your tenants.  You can do this with a common dollar store receipt book or how I do it is using a rent receipt template. But what must it include? Where can you get one?

The Landlord Tenant Act/Landlord Tenant Law.

The Landlord Tenant Act states that if the tenant asks for a written rental receipt, the Landlord is to provide it free of charge.

What are the minimum requirements for the rent receipt?

• the address of the rental unit;
• the name of the tenant(s) to whom the receipt applies;
• the amount and date for each payment received for any rent, rent deposit, arrears of rent, or any other amount paid to the landlord and shall set out what the payment was for;
• the name of the landlord; and
• the signature of the landlord or the landlord’s agent.

Rent Receipt Template

I use a rent receipt template to avoid confusion. The good thing about this free template is you can send a digital copy with your signature on it to your tenant. I usually batch them together at tax time to give to my tenants; it only takes about 30 minutes a year to comply with the act/law.

The good thing about the rent receipt and the rent receipt template is that you can keep better records of your property for tax time.

Future

In the future, we will have a system that lets a tenant generate and print their rental receipt at will. All the Landlord will have to do is set up a tenant profile and randomly update their payment information. Watch this blog for updates.

How To Rent Your House Now Package contains 15 more landlord forms that are useful in managing your house for rent.