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ADVANCE RENTAL PAYMENTS AND SECURITY DEPOSITS | 12 Months Ended
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Dec. 31, 2015
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. Prepaid rents are approximately $2,389,000 and $1,568,000 at December 31, 2015 and 2014, respectively. Security deposits are approximately 2,489,000 and $2,332,000 at December 31, 2015 and 2014, respectively.

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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. + References No definition available. + Details
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