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ADVANCE RENTAL PAYMENTS AND SECURITY DEPOSITS | 12 Months Ended
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Dec. 31, 2024
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 December 31, 2024 and 2023 respectively, amounts received for prepaid rents of approximately $3,454,000 and $3,078,000 are included in cash and cash equivalents, and security deposits of approximately $3,463,000 and $3,601,000 are included in prepaid expenses and other assets and are restricted cash.

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- References No definition available. + Details
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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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