Rent Receipts
What is a Rent Receipt? A rent receipt is a document outlining the payment(s) made in exchange for the occupation or use of land/property, or other services such as a telephone. In most cases, rent receipts are utilized for the property; thus requiring the landlord to provide a receipt to the tenants residing therein. Renting out one’s property is indeed a risky business. For one, it invites the risk of adverse possession and squatters. Therefore, rent receipts are an integral document to the relationship between a tenant and landlord. This documentation is admittedly beneficial to both parties. To begin with, …