A rental property accounting form is used to keep track of all the incomes and expenses that arise on account of rented property. This form helps the owner of the property to arrive at the actual profit earned from the property owned. This form helps in tracking ones property in terms of the income it generates along with the assignment of depreciation and also any of the upkeep expenses incurred against it. This form is useful for the owner of the property to assess rent apart from collection, accounting and arrears accumulation of the rent.
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