Issue: Missing documentation for a new tenant's security deposit during section 223(f) eligibility testing.
Impacted Requirement: Proper record-keeping for tenant security deposits is essential for compliance.
Recommended Follow-Up: Ensure all security deposit documentation is collected and stored correctly to avoid future discrepancies.
Finding Text
While performing section 223(f) elibibility testing, we noted one instance in which the supporting documentation for the receipt of a new tenant's security deposit could not be located hsowing that the securiyt deposit was collected.
Corrective Action Plan
The property manager will be fully responsible for obtaining and documenting the receipt of the deposits. Each tenant file will have proper documentation of deposits on hand.