- (a) If a property manager chooses to accept cash, he or she or his or her designee must prepare a legible written receipt for any cash funds received under a property management agreement or from a prospective tenant.
- (b) A copy of the receipt must be maintained in the property manager's records.
(c) Cash receipts must be consecutively prenumbered, be printed in at least duplicate form, and must contain the:
- (1) Date of receipt of cash funds;
- (2) Amount of the funds;
- (3) Reason for payment or collection of the funds received;
- (4) Identity of the property for which the cash funds were received;
- (5) Tenant’s name;
- (6) Payer of the funds if different than the tenant;
- (7) Payee of the funds; and
- (8) Name and signature of the individual who actually received the cash and prepared the receipt.