Property Management
A Washington property manager who collects last month's rent in advance must treat this amount as:
AIncome for the property manager
BPre-paid rent belonging to the owner, not the tenant's security deposit✓ Correct
CA security deposit subject to the 21-day return rule
DCommingled with other operating funds
Explanation
Last month's rent collected in advance is pre-paid rent belonging to the owner, not a security deposit. It is not subject to the security deposit return rules but must be properly accounted for in the owner's trust account.
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