Rent receipts can help a landlord keep track of which tenant(s) have fully paid rent, when each payment was made, and if needed when late payments or other fees are paid. Rent receipts can also be used to document a one-time rental fee, like when someone who is on holiday rents a vacation property owned by a private citizen. They can also be emailed, however, it would be better to have a written signature on them. They are especially important when a renter pays cash, to provide proof of receipt for tracking purposes.Ī landlord who writes a rent receipt for a tenant can either photocopy or scan the receipt for their own records, or enter the receipt details in whatever rent payment tracking system they use. These receipts are a way for the landlord to keep track of all rent payments. A common example would be if you are the landlord of an apartment building where the tenants pay rent on a monthly basis. They record when the tenant paid rent which protects them in case the landlord wants to charge a fee for late payment.Ī rent receipt should be used by the landlord of a residential property occupied by tenants who make rent payments.They provide a “proof of purchase” or payment which protects them in case the landlord claims the rent payment was not made (especially when dealing with cash).They fulfill a state requirement (for some).įor tenants, rent receipts are important because:.For vacation properties, they record dates, amounts, and renter information.They act as a sales receipt, providing proof that a transaction took place.They help the landlord keep a record of all of the rent payments a tenant has paid in addition to when they made their payments and how much was paid.Any list or chart you can conceive of, an Excel template is there for you.Note: For an Excel version of our rent receipt template, Click hereįor landlords, rent receipts can be helpful for many reasons: These spreadsheets come with a wide array of built-in formulas that auto-complete after you fill out the first few rows.
Similarly, templates for Excel spreadsheet(s) can also help you with short and long-term budgeting.
#Excel receipt tracker template free
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