We’ll explain why landlords use rent receipts, cover the information to include on a rent receipt, and provide a free rent receipt template for landlords in both Excel and PDF formats. Regardless of how rent is received, providing a tenant with a rent receipt is a good business practice and may even be required as part of the rental agreement or by local and state landlord-tenant laws. Still others enhance the tenant experience by offering tenants the option to pay rent online.

Some owners prefer tenants to pay by cash or money order to reduce the risk of bounced rent checks other landlords are OK with accepting checks.

Collecting rent is the main reason for investing in rental property, and landlords can accept rent payments in various ways.