Rental business is a very popular business for those people who want to have very high earning in their business. It has been invented by great minds. The rent can of any time such as property rent, car rent etc. in any kind of rent; the rent amount is paid to the owner by the tenants. The rent can be anything which is borrowed by a person to use temporarily such as car, house, shop etc. no matter, whatever asset is being given on rent. Tenant will be required to pay it to the owner. There is a solid agreement related to rent between the owner and the tenant.
Like any other document, needed while renting a property, rent invoice is also very useful and important document. The rent invoice becomes the base of a long term business relationship between the tenant and the owner. This document is prepared on the purpose of giving a general overview about the financial details of the object which is being rented.
The rent invoice of property is different from any other rent invoice. This rent invoice document contains the information about the location of the property, the period of rent agreement, and many other details which are mutually agreed upon by both tenant and the owner. Here are few guidelines.
Here is preview of a Free Rent Invoice Template created using MS Word,
The date of sending the invoice to the tenant must be mentioned on the document. The month to which the invoice belongs should also be written in the document. When you prepare the rent invoice, make sure you have given the title to the document. The typical information must have to be added to the document such as the name of tenant, address of the property, the period of rent and the terms of paying and receiving payment.
After all these general details in the invoice document, you should add the terms and conditions of the rent agreement in this document. The main purpose of using these terms and conditions in the invoice document is to remind the tenant about all those conditions which have already been agreed upon by both tenant and owner. These conditions many include
- The detail about the date before which the tenant is bound to pay the rent.
- If the tenant was agreeing to pay all the utility bills of the property which has been rented, then you should remind him about it. You can also attach the copy of the bill.
- A reminder of maintenance of the property should also be given in terms and conditions.
- Also reminds the tenant about the agreement according to which, the tenant is not allowed to give the rented property again on rent to anyone.
After mentioning all the terms and conditions there is another major detail to be included in the invoice which is about the person who received this invoice? For this purpose, a separate box will be made for the signature of the recipient of the invoice. It also includes his name and the date on which he received the invoice.