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Rent Receipt

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Rent Receipt

Updated August 31, 2023

A rent receipt template is a form that allows a tenant to mark their monthly rent as paid. Most commonly for the use of cash payment by the tenant to their landlord. The receipt should only be filled in after the funds are transferred to the landlord. The form may be issued ‘on the spot’ with the landlord completing the amount and how the payment was made.

Security Deposit Receipt – Use when a tenant makes an initial deposit to the landlord at the start of a lease.

Table of Contents

What is a Rent Receipt?

A rent receipt acknowledges a rent payment made by a tenant. This is usually in the form of cash but can be for credit cards and physical checks as well to show the tenant paid on time. The receipt consists of the amount paid, property address, payment source, and most importantly the landlord’s signature.

How It Works (3 steps)

  1. Collect / Pay Rent
  2. Landlord’s Signature
  3. Keeping the Receipt

1. Collect / Pay Rent

landlord collecting rent from tenant

The tenant pays the rent, in accordance with their rental agreement, to the landlord. If a receipt is needed then the payment is usually done in cash. The landlord will then write the amount paid and for the rental period.

2. Landlord’s Signature

landlord signing rent receipt

It is imperative that the landlord sign the receipt as it is the only proof the tenant will have that rent was paid.

3. Keeping the Receipt

tenant sitting on couch reviewing rent receipt

The tenant will be handed the receipt and should be stored safely in the chance the landlord tries to bring a claim for non-payment.

How to Accept Rent Online (2 steps)

  1. Signup with a Website
  2. Alert Your Tenants

Paying rent online is now popular more than ever. Especially with most sites offering it as a free service to try and obtain the landlord as a customer for performing tenant screening (background and credit reports).

As a landlord, this is very easy to set up and only requires signup and uploading their bank documents. Afterward, the rent collection company will contact the tenant and inform them of their ways to pay online.

1. Signup with a Website

cozy.co homepage

Use the table below to find the best option that works for you. After signup, include your property details and get verified to accept credit cards and bank deposits by submitting your personal or business entity information.

Best Websites to Get Paid

As you can see below, Apartments.com is the best online resource to collect rent online with free ACH payments and 2.75% credit card fees.

Websites ACH Fee Credit Card Fee Monthly Subscription
Apartments.com $0 2.75% $0
Avail.co $2.50 3.5% $0
ClickPay.com $0 2.95% $0
eRentPayment.com $3 N/A $0
PayYourRent.com $2.50 2.95% Based on number of units
RentPayment.com $4.95 2.95% $0
Zillow $0 2.95% $0

2. Alert Your Tenants

landlord speaking to tenant on phone

Alert your tenants that now they can pay rent online, often with no fee, for making ACH payments online. This is also a convenient way to pay as the rent will be processed directly from the tenant’s bank account on the 1st of every month.