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Trust Accounting In the assessment example we have seen several occasions where Landlords have made payments (receipts) towards maintenance and repair costs for their properties,

Trust Accounting In the assessment example we have seen several occasions where Landlords have made payments (receipts) towards maintenance and repair costs for their properties, to pay for all or part of a repair. What are the potential issues with these type of payments into a property management trust account that are not from tenants? What can Agencies do to prevent it?  

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1 Commingling Funds Issue Issue Commingling occurs when personal or nontenant funds are mixed with trust account funds This violates trust accounting ... blur-text-image

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