A tenant of a rental property is entitled to statement of account clearly indicating recurring obligations and confirming historic transactions. By definition rent should always be paid up to date an age analysis for rent should be considered an anomaly.
Tenant Statements
Statements of account issued to a tenant should include all items debited to such an account:
- the rent due
- repairs charged
- utilities or services used
And the tenant’s account must also reflect any payments made by the tenant.
The net balance of the tenant statement should be a clear indication of the current status of indebtedness by the tenant. Bear in mind that rent is typically charged in advance.
The Landlord
Dynamic’s unique Rent Management System allows for invoices to the landlord for services rendered, as well as statements with running balances.
This means that one powerful accounting solutions provides detail accounts to both the landlord and tenant in an easy to understand format.
-Simply Dynamic
Read more about matters concerning Rental Properties: