Professional rent receipt templates are of vital for businesses as they are provided by landlords to their tenants when they paid their rent. Actually it act as evidence that tenant has paid rent on time. A rent receipt template helps a lot because landlord can easily record rental period, rent paid and transaction date by just using this template and can easily himself and tenant from any kind of confusion which will create disturbance in their relationship. It provides a peace of mind to both tenant and landlord. It is really important to keep all the transaction documented to safe guard both parties from any legal issues.
Importance of Rent Receipt
It usually has two copies one is for tenant and other is for landlord so that landlord cannot claim that he did not receive the rent by already receiving it and also tenant can also not claim that he had paid without doing so. So, it saves you from any kind of litigation. Hence, it is a legal proof that rent has paid so that no confusion may occur. It has total amount of transaction with clearly listed components of charges, payment date, and total rental period mentioned on it for which the payment is made.
Details of Rent Receipt
Landlord can also add the reference number on each of your receipt so you can easily keep a track of receipts issued by landlord. To make you rent receipt more accurate and more authentic you can add signatures of the tenant as well as the signatures of the landlord. Mode of payment by which tenant has paid the rent like cash, money order, credit card etc. should also be mentioned on your rent receipt template. It is the best thing to be used to keep a mutual understanding between the tenant and the landlord with regard to the payment schedule and to calculate what amount has left that should be paid by the tenant.
