Rent Receipts

Something every landlord wants to know is whether he / she is compelled to issue rent receipts, even when a tenant presents a cheque that could bounce.

Well, many states require landlords to issue rent receipts to tenants, in order to protect those of them who pay in cash, which leaves them with no other way to prove they did, indeed, pay the rent, in the event a landlord challenges their claim. Despite, many tenants beginning to pay rent either by cheque or credit card, state law insists on the issuance of rent receipts by landlords, especially if a tenant demands one. In case, the cheque bounces, the rent receipt issued will not hinder attempts to get the tenant to eventually pay up.

As well, another reason tenants may get adamant about being issued a rent receipt is, because many states give them a renters tax credit, which can be taken at the time of filing their income tax, and tenants who pay rent in cash, do require a rent receipt to back their deduction.

That apart, landlords should make themselves cognisant with all rules and regulations before drafting tenancy leases or rental agreements. They must also take all necessary precautions, such as, tenant screenings, background checks on prospective tenants, including making certain all rental lease clauses are adhered to, as insurance for a litigation free landlord / tenant relationship. A simple click of the mouse and any landlord or property manager can visit www.e-renter.com for their tenant screening and background check services. www.e-renter.com, the best tenant screening agency in America!