Landlords are required to keep rent and bond records for 7 years after the tax year to which they relate.
If landlords apply to the Tenancy Tribunal to collect rent arrears, they should bring rent records, bank statements and rent books from the start of the tenancy to the Tribunal hearing.
The spreadsheet below is an example of the information landlords should record in relation to rent.
Example - rent summary from start of tenancy
|Rent due |
|"C" minus "D"||=Balance ("F")|
* Note: The arrears total F = C minus D. It is important that column “F” be a cumulative balance, so the amount of arrears can be identified at any date.