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Rhode Island Property Manager Audit Regulations

Rhode Island Property Manager Audit Regulations

Security Deposits

The maximum a landlord can charge for security deposits is one month’s rent.
The landlord has 20 days to return the security deposit after move-out.

http://www.rils.org/documents/security_deposit_rights.pdf

Bank Reconciliation

Escrow Accounts must be reconciled monthly.

http://www.dbr.ri.gov/documents/rules/comm_licensing/Commercial_Licensing_Regulation_11.pdf

 

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