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A Rent Receipt is a document that serves as legal proof that a rental payment has been made. Rent Receipts are required in many states and are used for record keeping purposes.
Rent Receipts are typically prepared by the landlord or property manager and given to the tenant after they make a monthly rental payment. The receipt includes the total amount paid, which is usually the monthly rent plus any additional charges or fees. If only partial payment is made, the Rent Receipt will specify the amount paid and the remaining balance.
Rent Receipts create a record of the date and amount paid, which can be useful in case of a dispute or if there is a need to prove payment was made late or for an insufficient amount. They can also serve as evidence of a tenant's habitual late payment if the landlord needs to pursue eviction.
Moreover, many states have laws that mandate landlords and property managers to provide a Rent Receipt to tenants every time they make a rental payment. Failing to do so may result in penalties or fines, depending on the state and city where the rental property is located.
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RENT RECEIPT
, ,
,
This is to acknowledge that I have received the sum of for the rental period from to . This amount constitutes partial full payment for the rental period. This leaves an outstanding balance of , which must be paid no later than on .
Paid by:
| By: | Date: |
Rent Receipt Checklist
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___Sign this document. This document needs to be signed by:
The Receipt can be signed online. It becomes effective as of the date specified in the Receipt.
___Everyone gets a copy. Anyone named in the document should receive a copy of the signed document. If you sign this Receipt online a copy will be securely stored in your account. You can share your document from your account.
Important Details
Each tenant should receive their own rent receipt.
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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.
