17 Ark. Code of Rules § 220-1022
Property management cash receipts
Operative Text
17 CAR § 220-1022. Property management cash receipts. (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.
Under 17 Ark. Code R. pt. 220 § 220-1022, when a property manager elects to accept cash payments, the rule requires that a written receipt be created for every cash transaction — whether from an existing tenant or a prospective one. Each receipt must be consecutively prenumbered, produced in at least duplicate, and include specific details such as the date, amount, reason for payment, property identity, tenant name, payer and payee information, and the signature of the person who received the cash. A copy of every receipt must be kept in the property manager's records.
Plain English — not legal advice.
Property managers operating under 17 Ark. Code R. pt. 220 § 220-1022 who choose to accept cash generally maintain a supply of consecutively prenumbered, pre-printed duplicate receipt forms ready for use at the time of any cash transaction. Compliant operators ensure that every required data field — including the property identity, tenant name, payer, payee, and the signature of the individual who received the funds — is completed legibly before the transaction is considered documented. Retaining a copy of each completed receipt in the property management file is a standard recordkeeping practice under this provision.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Under 17 Ark. Code R. pt. 220 § 220-1022, tenants who pay rent or other funds in cash are entitled to receive a written receipt that includes specific details such as the amount paid, the date, the reason for payment, and the signature of the person who collected the funds. If a receipt is not provided or appears incomplete, tenants may wish to document the discrepancy and reach out to the Arkansas Real Estate Commission, which oversees property manager conduct under this regulation. Tenant-rights organizations can also help explain what options may be available when a property manager does not follow the cash receipt requirements of this provision.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 22, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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