Generate Your Free Rent Receipt

Many tenants do not bother to ask for a receipt, when they pay rent to landlords. If you ask the reason, some people would claim that they have mutual trust while some would say that they are hesitant to ask assuming that the landlord might feel offended. Whatever may be the reason; this isn’t the way it’s supposed to be. Landlord should maintain a record and also provide receipt to the tenant once rent is paid, regardless of how big or small is the rent amount.

What Is A Rent Receipt?

A Rent Receipt is a simple document which is created to record the receipt of rent by a landlord from a tenant. A Rent Receipt or an Invoice of Rent can be used in case of any rented property, be it a commercial or a residential property. It can either be in printed form or a handwritten one.

Important Elements Of A Rent Receipt

A Receipt of Rent should contain the following elements:

1. Amount paid as rent
2. Period of rent
3. Date of payment
4. Address of the rented property
5. Names of the Tenant and Landlord
6. Signature of Landlord

While the above mentioned elements are mandatory for a rent receipt, based on the requirements of tenants and owners, you may also include few other fields such as, mode of payment to mention whether the rent was paid by cash, cheque, online transfer, etc, name of the person who paid the rent, signature of tenant or payee, etc. If the full rent is not paid, then the amount due can also be mentioned in the receipt, which shall be carried forward to the next payment.

What Not To Miss?

The Date and Landlord’s Sign are mandatory for the receipt to be considered legally valid. So, do make sure that the date entered is accurate and also get the receipt signed by the landlord without fail. In case the landlord is temporarily absent, if any of his/her family members or any representative collects the rent, then make sure you get the signature of that person.

Who Should Keep The Rent Receipt – Tenant or Landlord?

Generally, when tenant pays rent, the property owner has to provide a rent receipt, which is kept by the tenant. However, it is recommended that both the parties preserve a copy of the rent receipt for their records.

A simple receipt of rent not only helps in maintaining financial record, but it also helps in sustaining landlord-tenant relationship.

Why Do You Need A Rent Receipt?

For many working professionals, employers would ask for rent receipts to allow exemption on House Rent Allowance (HRA), since it is mandatory for the employers to collect proof of rent payment. Even if you are not a working professional, it is always a good practice to get a receipt of payment from your landlord.

It is essential to keep track of each and every financial transaction for efficient management of your finances, irrespective of whether you are a business owner or an individual. People often land in troubles for making unrecorded financial transactions. Assume that you have given some cash to someone you know for which you have no proof. What if the person who has taken cash from you later declines the fact? Sometimes, even if the people you deal with are trustworthy, people tend to forget things. After all, it is human nature to forget, especially when one is going through hectic stress. So in order to stay safe, it is advised to think and act safe.

What If Your Landlord Refuses To Give A Receipt?

Some landlords might disagree to provide rent receipts for certain reasons. You can try to convince them to at least provide a handwritten document in which they state that they have received the rent for a particular period, on a particular date, and also sign the same.

If you are someone looking to rent a property now or in future, then ensure that you discuss with the landlord beforehand regarding rent receipts and then decide. It is advised that you can mention regarding rent receipts in one of the clauses of your rental agreement.

Create Rent Receipt With LegalDesk

LegalDesk provides you a ready-to-use format of rent receipt. To create a Rent Receipt, just click the button below, enter all your details in the form and get it printed on a plain white paper. If you want to get a hard copy, please fill the form and place a request for home-delivery and we will deliver the receipt to your doorstep. Once you get the receipt ready, the landlord has to sign the receipt, because only then, it is considered legally valid.

Besides Rent Receipt, LegalDesk offers you ready to use, experts-drafted templates of Rental Agreement, business documents and other legal documents online using which you can create your documents in minutes. You can also place request for customisations, our support team will be able to help you out with that.