Rent Receipt Templates
This is obligation of tenant to mark their monthly rent when he paid. The receipt can only be, made when the funds are transferred to the landlord. Rent Receipt is basically an evidence that, tenant have paid the amount and it will help you to secure your side in future and maintain pleasant and peaceful renting experience. Both parties have right to spell out in a rental agreement to prevent frauds as well.
In the Rent Receipt you will often see there must be a date on it and it is very significant. If the recipient of the payment legally require sale tax than amount would be added to the receiver and will be paid on the behalf of related tax authority. In the Rent Receipt you will see there must be a receipt number also. Consequently, in case of any problem you can get the advantage. Name of tenant should be mentioned at the upper corner of the Rent Receipt. This is the person who is paying amount to the landlord.
Rent Receipt Format Guide
The sum of amount that a landlord received should be mentioned. It is very good to record amount in words as well as in figures to prevent errors and frauds. There must be mentioned the location of the property also. In this you have to write the exact address of the house. On the right side of the Rent Receipt you will see there must be mentioned that, amount is paid by check, by cash or by money order. The starting date of the agreement and the monthly payment should be mentioned also.
At the bottom of the Rent Receipt you have to mention the name of landlord and the correct address of the landlord as well. It will be very useful to mention the phone number of the landlord also. One copy of receipt should be delivered to the tenant as well as, one copy should be delivered to the landlord also. Signature of both parties are sometimes very important because, some landlords will argue with tenants that, Rent Receipt is duplicate or illegal.
Importance of Rent Receipts
Maybe you are paying 10000$ annually but, you haven’t any record about your payment. There are plenty of ways when you require a Rent Receipt. If you are paying rent to a landlord or you are living in your friend’s apartment, you should always ask for a Rent Receipt to reduce errors and frauds. If some matters will go to court than, judge will ask from you the receipt. Your Rent Receipt will help you to resolve many conflicts among the landlord.
If you are a renter mostly countries will provide you tax rebate, while if you are a landlord so it’s your responsibility to pay your tax, in this ways a tenant can save himself from the tax. Some landlords make 10% on the rent and it will may be increase according to the terms and conditions. So, it’s your evidence that you have make payment on time.