Receipts make all transactions more comfortable. Both the payer and the recipient can be assured that their interests in the transaction are protected. In the case that the tenant’s payment is made via cash or a money order, a rent receipt may be the only record of the transaction.
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Furnishing the tenant with a receipt in such instances acknowledges in that his or her payment has been received and will not be disputed in the future. Some states even require by law that landlords provide their tenants with rent receipts. The documentation protects both parties from false claims that the transaction did or did not take place. Using a receipt maker is a simple measure to ensure that a rental agreement proceeds professionally and without dispute.
Interestingly, it is not unusual for landlords to go for months or even years without issuing a rent receipt to a tenant. This document, which provides a written or electronic record of the tenants payment of rent over a particular period of time, may be requested by a tenant at any time. Indeed, requesting it immediately after a payment is made is a smart thing for a tenant to do, as it can protect the tenant if the landlord were to claim that the payment had not been made. For example, if the tenant had paid in cash, this document would be quite useful in providing evidence that the payment had, in fact, been made.
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