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A Rent Receipt is a way to document rent payments that a Tenant makes to a Landlord. A Rent Receipt can be helpful for both Tenants, offering documentation that they timely submitted payments to the Landlord, and Landlords, giving them a method to track incoming payments and monitor late payments or bounced checks. For Tenants who pay their rent in cash, a rent receipt is often the only written proof they have showing that they paid rent at all. Often, both Landlords and Tenants choose to save copies of rent receipts for these reasons.
How to use this document?
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 (e.g. cash, check, money order, etc.). This Receipt also allows the Landlord to detail if 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 must then pay due to their failure to pay their entire rent payment by the date it was due.
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.
Most provinces require Landlords to provide rent receipts to their Tenants free of charge when asked. This rule also applies 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 their provincial or territorial residential tenancy board.
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