Rent Summaries
HomeQuality rent summaries help identify payment breaches early. They also help maintain harmony and respect.
Rent Summaries must be:-
Simple to understand and follow
Flexible to cope with amount and date variations
Available for tenants when requested
Provided for tribunal applications
Provided when tenancies terminate
"Rent Summaries" must show the:-
Renters'' and providers' names
Address of the rental property
Tenancy start date (and end date when applicable)
Dates payments are due or date payments are made
The amount of payment made
Arrears (or credit) on each payment (or due) date
Amount fequired to be a week in advance on due date.
Some ideas to make rent summaries
Spreadsheets can help record and calculate rent recording requirements. A good spreadsheet can save hours of work for providers with multiple properties. The use of filters enable the selection of individual records to taken from bank statements and applied to individual rent summaries. Well constructed formulas do the rest. ☺
Tenancy Services offer a Word document and also a simple XL spreadsheet format.
The old way using columns and rows on paper sheets is quite acceptable in law too.