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Making a Rent Receipt
If you make or receive rent payments, it is important to keep a record of the transaction using a Rent Receipt. As a landlord, rental receipts can help you to stay organized and track income effectively—and for tenants, they provide documentation that can protect you in future disputes. While some states require that Rent Receipts be given to all tenants, they can be especially useful for tracking payments made in cash.
Rent Receipts provide proof of rent payment for the renter and a record of income for the landlord. Typically, a rental receipt will include information such as the amount paid, how payment was made, and the location of the property.
Rent Receipts are mandated by law in many states—and a few states require them to be provided at the request of a tenant. If you are unsure whether your state legally requires you to provide a rental receipt, ask a lawyer.
If you are a landlord, making a Rent Receipt can be beneficial, even if you are not legally required by law to provide one, because it will help with record keeping and also make you look more professional and trustworthy.
If you are a tenant, a rental receipt can be used for protection. If the landlord's records are incorrect and you have paid rent, the receipt can help protect you from eviction or other legal proceedings.
You should use a receipt for rent if:
Making a Rent Receipt using Rocket Lawyer is simple. You just need the following information:
With this information, you will be able to automatically generate your Rent Receipt. Once the document is made, you can edit, print, download, or share it. You will want to have two copies of this document, one for the landlord or property management company and another for the tenant.
A Rent Receipt is finalized and becomes official once the landlord signs the receipt. This will provide proof that the rent was paid.