If the business owns a building that is being rented to external tenants, then appropriate records should be maintained of:
- the name of the external tenant
- details of the agreed rent
- the space that the tenant is renting
- monthly due dates
- option periods
This paper analyses this subject under the headings:
- Schedule of Tenant
- Receipt of Rent
- Rent Received - External
- Agent's Commission
- Other Payments by Agent
