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A rent receipt is a document that acknowledges rental payments made by a tenant, serving as proof of payment for both the landlord and tenant. It is essential for maintaining a clear paper trail and can aid in tax documentation. Ensuring an effective payment process is crucial for landlords to avoid issues related to non-payment. Rent receipts are particularly useful for tracking full, partial, and late payments. The creation of a rental receipt is an important step in the rental process, and it is necessary for both parties to understand what information should be included.