For many people, rent is an important part of the monthly budget and must be managed correctly. Rent is a business that provides the owner of a home or business with the general use of residential or commercial space. Here are some notes on how to organize rent payments correctly:

Determine Your Budget:
When making rent payments, first consider your monthly income and other basic expenses. It is a generally accepted rule of thumb to limit a maximum of 30 percent of your income to rent payment. This gives you more room to cover other expenses and save money.