Tenants should keep a copy of all rent receipts. This serves as proof of rent for any given period of time and, as mentioned above, could be a part of a legal rental agreement. Who Gets a Rent Receipt?Īll tenants who pay rent - even in partial payments - should get a rent receipt. It may also be a good idea for property owners to include the mention of a rent receipt in the rental agreement (or lease agreement) as a sign of good faith that paid rent will be documented in writing for the renter's records. At a minimum, it's good practice to provide receipts to tenants so you have them for your own records. A renter pays the agreed-upon amount to the property owner and the property owner documents the transaction in a rent receipt that is given to the renter.Īs a property owner or property manager with tenants, you may be required by law to provide a rent receipt for anyone paying to use your property. What Is a Rent Receipt?Ī rent receipt is a written statement that indicates that rent was paid for a given period of time. Here, we'll discuss how to write a rent receipt like an expert and learn about some best practices for property managers and tenants. Simply put, a rent receipt proves in writing that rent was paid. A rent receipt or rental receipt documents proof of payment between the payer (i.e., the renter) and the payee (i.e., the property owner or manager).
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