When you apply for a new property, a rental ledger is one of the most valuable documents you can have. When you submit an application, present your ledger to a prospective property manager/landlord to show your good rental payment record. For tenants who decide to become home owners, the rental ledger is also a valuable asset because it can count as genuine savings. With a record of consistent and on-time payment of rent, a lender will consider your rental history during its assessment of your ability to service a home loan. However, if it was paid consistently late – the opposite will be true.