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A Certified Rent Roll is a comprehensive document that details the rental income generated by a property. It includes information such as tenant names, rental amounts, lease terms, and any arrears or outstanding payments.
Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.
A rent roll spreadsheet provides details on rental units such as the unit number and current lease details. By having the individual unit and lease changes in one document, a rent roll serves as an easy way to get a snapshot of the gross rental income on a property.
To make a rent roll spreadsheet, create a table in a spreadsheet program like Excel, listing columns for tenant names, property addresses, lease start and end dates, monthly rent amounts, payment history, and outstanding balances. Fill in the details for each rental property you manage.
A rent ledger deals with the financial transactions for each tenant that can be used for record-keeping, eviction proceedings, and disputes, but a rent roll does not keep track of the flow of money or rental payments for the property.
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