What Items Should Be Listed on a Rental Invoice? The different types of rentals that require a receipt include: However, both residential properties and business rentals need a receipt. Typically the more services you offer, the greater the chance that your rental operation is a business.īusiness rental properties will generally be a corporate entity rather than a person or family.
If there are any additional services such as cleaning, security, and meals, this may mean you are considered a business. If the services are basic, such as heat, electricity, parking, and laundry, this means you are receiving your rental income from a property. In order to distinguish between the two, consider the types of services you are providing your tenants. There is an important distinction to make between whether your rental income is coming from a property or a business. Types of Rentals that Need a Rental Receipt
