Rent Records (summaries)
TribunalsQuality rent records help identify payment breaches early. They also help maintain harmony and respect.
Rent Records must be:-
Simple to understand and follow
Available for tenants and tribunals when requested
Completed on termination and given to tenants
"Rent Records" must agree with bank statement entries and also show:-
Renter's and provider's names
Address of the rental property
Tenancy start date and end date when applicable
Payment dates
Payment amounts
Current balance (of arrears or credit)
Some ideas to make rent records more helpful and save time. A good spreadsheet and system can save hours of work.
Show amount required to be a week in advance
Cater for variations of payments and dates
Tenancy Services offer a Word document and also a simple spreadsheet format. more>
The old way using columns and rows on paper sheets is still acceptable in law. Suggest use of A4 paper so these can be scanned and used for on-line communications tenants and Tribunals may request..