It helps a landlord track payments – who have paid their rent and who hasn’t-whether the rent was paid in full or only partially.The following are reasons why a landlord would want to issue a receipt: Why are Receipts Important for Landlords and Tenants? Rental Receipts go by other names – Rent Payment Receipt, Rent Receipt Letter, and Rent Invoice Letter.įor both landlord and tenant, a receipt can mean the difference between having an easy time in a rental situation and having problems. What is a Rent Receipt?Ī rent receipt is a document that acknowledges the payment a tenant makes to a landlord. Keep reading to learn about the importance of rent receipts for both landlord and tenant and how you can fill out a receipt easily. While most of the time, giving and getting rent receipts won’t matter, it only takes one dispute, one tax year, one incident to make us wish we had all our receipts handy. Both landlords and tenants can be guilty of either rushing through the monthly rent transaction or, as landlords, not having a system set up to make providing a receipt easy. With so many transactions happening every day, it’s easy to skip one or two.