What is a rent ledger?

A rent ledger is a document that keeps track of all rent payments made by tenants over a specific period of time. It typically includes details such as the tenant's name, rental property address, date of payment, amount paid, and any outstanding balances.

Rent ledgers are important for landlords and property managers to maintain accurate records of rental income, track payment history, and identify any late or missed payments. They can also be used as evidence in case of disputes or legal proceedings related to rent payments.

Some landlords may choose to keep a rent ledger manually in a physical notebook or spreadsheet, while others may use property management software or online platforms to automate the process and generate detailed reports. Regularly updating and reviewing the rent ledger can help ensure that tenants are meeting their rental obligations and help landlords maintain financial stability.