Receipt for Payment of Rent
Protect yourself from legal snags by issuing a formal receipt for rent payments.
Whose it for?
- Landlords
- Property Managers
When are Rent Receipts used?
A receipt should be issued as soon as possible after payment is made, but especially when rent is paid by cash.
Why is a Rent Receipt used?
Most provinces require for receipt to be issued when rent is paid by cash, however, it is good practice to issue a receipt for every payment regardless of method.
What could happen if a receipt is not issued?
Accepting payments, especially those made by cash, without issuing a receipt could result in complications and disputes over how much has or has not been paid.
What does it look like?
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