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Updated about 6 years ago,
Rent Overpayment Advice
One of my tenants overpaid their rent (by 14%, not just a few bucks). I know why (they mistakenly thought they had to pay for something that I had agreed to cover). It's their money, I'm giving it back...my question is:
1) Give it back in the form of a "refund"?
2) Apply it to future rent?
3) Something else I haven't thought of?
Applying it to future rent is "easier", but I like the idea of keeping "clean" books and handling the refund separately from future rents. Does this really even matter?
What do y'all think?