why my landlord doesnt want to give out reciept to tenants.?

Question

my landlord doesnt want to give out receipt to the tenants. he request all tenants to pay with checks ,anyone knows why he does want the tenants pay in cash so he doesnt have to give out receipts?

Answer 1

I had my own business for several years and while I wasn't a landlord, I had similar issues. I preferred payments by check, money order, or credit, simply to keep my book work clean. I never had tax problems and didn't want any. Monetary transactions are much more organized and easily tracked. My accountant agreed that organized, paperwork and records kept the auditors away. The burden of proof of payment is on you if you lose your receipt, not your landlord. His policy of "no cash" protects you as much, if not more, than him.

Answer 2

He is not required to give a reciept when the tenants pay by check, because the tenants will have a reciept in the form of a cancelled check.

With a money order or cash, the landlord is required to give a receipt, because the tenants will not have any other type of reciept.

The landlord has the right to require the specific form(s) of payment. Its like diners that only will take cash; however, in this case, the landlord will accept only checks.

Answer 3

With a "check or money order" only policy, the landlord is not required to give a receipt. Your MO stub or cancelled check is your receipt.
I will give you a reason.
I had a tenant that got mad at me. He was always late with his rent and had to pay a late fee. One day he called me and told me that he closed his checking account and had cash for me if I would meet him. Okay, this one time, no problem. I took along my receipt book as it was cash. Had him meet me at a restaurant half way there as he had a second job and was on his way there. Unfortunately for him, he was late to his 2nd job because of the stunt he pulled. He proceeded to hand me $650.00 for his rent in ONE DOLLAR BILLS! This meant that I had to count every bit of it before giving him his receipt. He kept whining that he had to go to work, he was going to be late, so just give him the receipt, it was all there. NO WAY! I made him stay (for both our protection) and I counted every bit of it and found he was still $30.00 short. He coughed up the $30.00, took the correct receipt and left. I never took cash after that.
This is a prime example of why Landlords hate cash. They are not being mean. Its much simpler to take a check or money order which have their own tracking system. Now, if I would have taken his word that it was "all there" and given him a receipt for the full rent, I would have been out for $30.00. and he would have a receipt saying he paid ALL his rent. There would be no way I could prove otherwise.
It is far safer for both the landlord and the tenant, for the tenant to pay by MO or check. NOT CASH.

Answer 4

I am a landlord, and while I accept cash occasionally, I advise strongly against it. I also advise all of my tenants to save reciepts for money orders, checks, etc. In the event that a check is mailed and I do not receive it for some reason, at least they have a record of the check that they can track down. If somehow cash is misplaced/mishandled, there is no recourse at all for myself, or my tenant. I would not be concerned about this policy; I would be more concerned about someone who ONLY accepts cash. A personal check, assuming you're capable of managing a checkbook, is always the best way to pay rent. A money order or cashier's check would be the next best, if you always keep all receipts and records, to protect yourself, IMHO.

Answer 5

If you pay by check you have a receipt if you pay by cash it is his word vs yours and can not be proven either way - he may have a "problem" with cash that his contract does not allow him to handle it. Check and Money Orders protect you by providing your own receipt (the canceled check or Money Order receipt) Cash can be mishandled and you can wind up with a problem.

Answer 6

Lazy. And maybe he hopes you won't have your cancelled check and he can claim you did not pay the rent. Sounds very suspicious to me. I would insist on a receipt. You can even get a receipt book, fill out a receipt each month , and all he has to do is sign it. NEVER pay rent in cash.

Answer 7

If everyone knows he accepts cash, he'll be a target of robbers. Your cancelled check is your receipt. Now, since banks don't return your checks, they will keep a picture of both sides and send you that, and it's just as good.

Answer 8

Its easier and safer to handle checks wont have to make out a receipt because canceled check is a receipt. landlords are scum.