What is Tenant Billing?
Definition
Tenant billing is the process through which tenants in a commercial or residential building are billed for rent and utilities. Tenant billing is usually handled through a tenant billing software system. Tenant billing can include rent payments, security deposits, utilities payments, amenities fees, and any other charges that tenants incur.
Why it Matters
Tenant billing includes any part of any financial transaction that occurs between tenants and landlords. It is how tenants know how much they owe, and invoices usually clearly explain any charges. This is the sole system through which financial information is exchanged, so tenants and landlords both heavily depend on it to ensure that everything is financially accurate.
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