S.D. Admin. R. 20:69:14:12 - Property management accounting
A property manager shall prepare and maintain a receipts and disbursements journal or a check register for each trust account. Tenant security deposits must be maintained as a separate balance in the owner's ledger or in a tenant ledger account. Receipts and disbursements must be posted at least once each month, and all trust accounts must be reconciled at least once each month. Prenumbered receipt documents must be completed for any currency received by the property manager which belongs to a principal.
Notes
General Authority: SDCL 36-21A-89.
Law Implemented: SDCL 36-21A-47, 36-21A-71.
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