Rent Ledger - Summary
A rent ledger is an important financial record that helps keep track of rental payments made by tenants. For landlords, a rent ledger is essential for logging these payments, late fees, and other charges. Additionally, it serves as vital proof of rental income during financial audits. The advantages of using a rent ledger are many, making it a crucial tool for both landlords and tenants.
Understanding the Rent Ledger
The term ledger comes from old English words like liggen or leggen, which mean “to lie or lay.” In Dutch, it has similar meanings: liggen or leggen. It’s derived from the word ‘legger’, which refers to a book that stays regularly in one place.
Rent Ledger – Details to be Mentioned
Information on a rent receipt should include:
- Tenant name.
- Property address.
- Date rent was paid.
- Amount of rent payment received.
- The person receiving the rent payment.
- Late fees included in payment (if applicable).
- Method of payment (cash, check, credit or debit card, Automated Clearing House (ACH) transfer).
You can download the Rent Ledger PDF using the link given below. Don’t forget to securely store your rent ledger for future reference!