What is a Rent Ledger?

What is a Rent Ledger?

A rent ledger is a detailed record maintained by landlords or property managers that tracks the rent payments made by tenants. It includes information such as the amount of rent due, the amount paid, the payment date, any outstanding balances, late fees, and other relevant financial transactions related to the rental property. This document helps landlords manage and monitor rent payments, ensuring transparency and accuracy in financial records.