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A Rent Receipt is a way to document rent payments that a Tenant makes to a Landlord. Rent Receipts give Tenants evidence that they have submitted payments to the Landlord as required. They also give Landlords a way to track incoming payments and monitor late payments or bounced cheques. For Tenants who pay their rent in cash, a rent receipt is often the only written proof they have to show that they paid rent at all. Often, both Landlords and Tenants choose to save copies of rent receipts for these reasons.
This Rent Receipt includes important information, including the amount of the rent payment, the date the payment was received, and the manner in which the payment was made (eg cash, cheque, electronic funds transfer etc). This Receipt also allows the Landlord to confirm whether the payment was a full or partial payment. If the Tenant made a partial rent payment, the Landlord can describe any late charges that the Tenant may then be required to pay in relation to any remaining payment which is overdue.
How to use this document
Once the Rent Receipt has been filled out, the Landlord can send an original signed copy of the receipt to the Tenant and save a copy of the letter for their own records.
Each state and territory has its own legislation in relation to rental properties. In many cases, the Landlord is required to provide Rent Receipts to the Tenant free of charge when asked by the Tenant to provide them. In addition, in many cases, in particular when rent is paid in person (by cash or cheque), the Landlord is required to provide a Rent Receipt.
In addition, Landlords may be required to provide Rent Receipts to former Tenants who request rent receipts within one year of moving out of a rental property.
To find out if a rent receipt is required by law, a Landlord or Tenant can check with the local office of consumer affairs, or the local tenants union, tenancy help office, or community legal centre.
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Other names for the document: Rent Receipt Letter, Letter Confirming Receipt of Rent, Letter of Rent Receipt, Letter of Receipt of Rent, Rent Payment Receipt