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ADVANCE RENTAL PAYMENTS AND SECURITY DEPOSITS | 9 Months Ended
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Sep. 30, 2011
ADVANCE RENTAL PAYMENTS AND SECURITY DEPOSITS |
ADVANCE RENTAL PAYMENTS AND SECURITY DEPOSITS |
NOTE 6. ADVANCE RENTAL PAYMENTS AND SECURITY DEPOSITS The Partnership’s residential lease agreements may require tenants to maintain a one-month advance rental payment and/or a security deposit. At September 30, 2011, amounts received for prepaid rents of approximately $1,275,000 are included in cash and cash equivalents, and security deposits of approximately $1,794,000 are included in other assets and are restricted cash.

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- Definition This element Provide the entire description regards to advance rental payment and refundable consideration, usually cash, held by the entity pending satisfactory completion of the entity's obligations or pending the closing of a contract. + Details
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