What is a tenant ledger?

A tenant ledger is a detailed record of all financial transactions related to a tenant's rental agreement. It typically includes information such as rent payments, security deposits, late fees, and any other charges or credits related to the rental property.

The tenant ledger provides a clear and organized view of the tenant's payment history, allowing landlords or property managers to easily track and manage the tenant's financial obligations. It also serves as a valuable tool for resolving any disputes or discrepancies related to rent payments or other charges.

Maintaining an accurate and up-to-date tenant ledger is essential for both landlords and tenants to ensure transparency and accountability in their financial dealings. It also helps to protect both parties in the event of any legal disputes or misunderstandings.