Create Rent Receipt online

Best Apps to Create Rent Receipt Online

Providing a rent receipt is in favor of both the landlord and the tenant. After paying the rent, most tenants require an acknowledgment that they have made the rent payment and the same has been received by the landlord. Though mostly all landlords now collect rent payments online. Still, there are some Landlords who accept cash payments. Then, a rental receipt is the only way out to mark the payments.

A Rent Receipt provides an acknowledgment to the Tenant that the rent payment has been received by the Landlord. There are various ways of creating a rent receipt. The most convenient way though is to Create a Rent Receipt online. You can Create Free Rent Receipts using pre-existing Templates and can download them in Word or PDF format.  You can even send them directly to the tenant to sign it digitally.    

What Information do You need to put on the Rent Receipt?

Before creating a receipt, you must know the information you need to put on the rent receipt. The rent receipt mostly includes all the information related to the date of rent paid and the mode by which the payment has been received. Let us then list all the information you need to fill to provide a rent receipt to your tenants.

  • Name of the Tenant
  • Address of your Rental Property
  • Date of issue
  • Receipt Number
  • Rent Period (From-To)
  • Monthly Rent
  • Cost of Monthly Utilities
  • Amount Received from the Tenant
  • Mode of Payment
  • Balance Amount (If Any)
  • Due Date for Balance Amount

Rent Receipt Apps to generate rent receipt online

Now that you have the information to fill out the rent receipt, let us see the best apps to create a rent receipt. You can create a Rent Receipt form in less than 5 minutes using these online apps and services. These apps contain state-specific rent receipt templates that can easily be downloaded and printed as per your needs.

1. Wonder.Legal

Create a rent receipt with a pre-set template by using Wonder Legal. It takes no more than 5 minutes and has an easy 10 step process. In the end, you can download the rent receipt form in either the Word format or the PDF Format.

Wonder Legal Rent Receipt App
Wonder Legal Highlights:

  • Mention Partial Payments: Yes
  • Different Modes of Payment: Yes
  • Can mention late fees on outstanding rent
  • No. of steps to create rent receipt: 10
  • Price: Free

Wonder Legal Downsides:

  • Form Customization: No
  • Currency: US Dollars only
  • Digital Signature: No

How To Use Wonder Legal To Generate Rent Receipt Online?

 

Generate Rent Receipt using Wonder Legal


Wonder. Legal Sample Rent Receipts


2. Rocket Lawyer 

With Rocket Lawyer, you can create rent receipts that can be customized according to the state. It takes simple 12 steps and hardly 3 minutes to generate a state-specific rent receipt. You can even sign the rent receipt online. And after completing, you can download it or mail directly to your tenants.

Rocket Lawyer Rent Receipt

Rocket Lawyer Highlights:

  • Custom Forms (State Specific) [Only Rocket Lawyer offers this Feature]*
  • Can include more than one tenant
  • Mention Partial Payments: Yes
  • Different Modes of Payment: Yes
  • Digital Signature: Yes
  • No. of steps to create rent receipt: 12

Rocket Lawyer Downsides: 

  • Currency: US Dollars only
  • Price: Free trial for 7 Days (Billed at $39.99/month afterward)

How To Use Rocket Lawyer To Generate Rent Receipt Online?

 


Rocket Lawyer Sample Rent Receipts



3. Form Swift

Form Swift lets you create and download rent receipt in PDF format. You can also mail it or even print it directly depending upon your needs. It only takes 9 steps to generate a rent receipt with Form Swift.

Form Swift to generate rent receipt

Form Swift Highlights

  • Mention Partial Payments: Yes
  • Different Modes of Payment: Yes
  • Digital Signature: Can include more than one signatory
  • Share Document: Print Directly, Mail, or Export as PDF
  • No. of steps to create rent receipt: 9

Form Swift Downsides: 

  • Currency: US Dollars only
  • Form Customization: No
  • Price: Free trial for 7 Days (Billed at $29.95/month afterward
  • No option to download in Word Format

How To Use Form Swift To Generate Rent Receipt Online?

 

Generate Rent Receipt using Form Swift


Form Swift Sample Rent Receipts


Printable Rent Receipt Templates

Short of time and simply want to Print the Rent Receipts? Download and Print the Rent Receipt from our Free Printable Rent Receipt Templates Collection. Download the Rent Receipts in one click and Print them directly. Here are the reusable Rent Receipt Templates which you can print and fill up instantly.

Printable Rent Receipt Template

Download Printable Rent Receipt Sample (Template 1)


Printable Rent Receipt Sample (Template 2)


Download Printable Rent Receipt Sample (Template 3)


How to Make Quarterly or Yearly Rent Receipt?

The above rental receipt apps help you generate monthly Rent Receipt. But what if your tenant needs a rent receipt in a quarterly or yearly format. Sometimes, a tenant needs a rent receipt for tax purposes. In such cases, he can ask you to provide a rent receipt on a quarterly basis or yearly basis. So, how will you then write a rent receipt on a quarter or yearly base? Quarterly Rent Receipt Sample

If you are required to fill the rent receipt on either quarter basis or yearly basis, simply change the rental period from a month to either quarter or to the year depending upon the need of the tenant.


Do you have to give Rent Receipt?

Now that you have created your rent receipt. You may think about whether it is actually necessary to provide the rent receipt to your tenant in the first place? And, whether are you legally bound to provide the rent receipt to them?

In some states, a landlord is required to give rent receipts to tenants by law. It is mandatory you issue a rent receipt on demand if there is no other proof of payment is available with the tenant. Moreover, providing a rent receipt to the tenant;  you build trust and be fair with your tenants. In the long run, you are only fostering your landlord-tenant relationship. Not only this but providing a rent receipt also helps in accounting and keep records for later use.


“Even Jack Zhai from Property 360 has adopted a unique approach for the rent receipts. He now includes “Was Paid To” and “Now Paid To” terms instead of simply writing the period rent is paid for. He believes, it adds value in the mind of the tenant when they pay the rent.”


Generate Rent Receipt using Rocket Lawyer

The Bottom Line

All the operations which are involved in running a rental business are getting automated these days. Hardly are there any landlords who still are using conventional ways. You can perform most of your rental business operations sitting behind your computer screen. So why not generate rent receipt online by using the above rent receipt app?


 We recommend Rocket Lawyer


You not only can generate the rent receipt online, but there are also these apps now which helps you collect rent online. The process is completely automated. Never bang your tenant`s door, or go to the bank to deposit that rent checks again. Even the rent receipt automatically gets mailed to the tenant once the payment has been received in the account.

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