A rental income statement is a document which details the monthly or weekly rental income records of a company or institution. Some companies earn their revenues from the rents paid to them. Such a document is legal in nature and financial in content. Thus it must be prepared industriously with active consideration.
Sample Rental Income Statement:
The Highland Park Shopping Mall
Monthly Rental Income Statement
The following is the monthly rental income statement for the month of November, 2011. The stipulations have been given by keeping the facts and figures accurate. For further details, the main office can be contacted.
Income statement of: Mrs. Catty Jell
Owner of: The Highland Park Shopping Mall
Address of the said property: 4, Highland park, UK
Monthly income statement for the month: November, 2011
Partnership status: 20% share of the entire property
Number of shops and stores housed in the mall: 30
Number of active stores: 27
Gross rental amounts paid: $50, 0000 x 12 months (which includes rent for possession of premises, use of electricity and utilization of furniture items)
Total gross rental income from the whole property: $50, 0000 x 27 = $13500000 per month
Taxes incurred on the rental income:
- Property tax: 6% of the income
- Income tax: 12% of the income
- Repairing and maintenance: $5, 0000 approximately
- Fire and damage insurance: $80,000
- Mortgage loan interest: $500,000 per month
Total balance amount remaining after expenses incurred: $12870000
Note: All claims related to the expenses must be made in person evidenced by duly signed receipts and documents.