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ADVANCE RENTAL PAYMENTS AND SECURITY DEPOSITS
9 Months Ended
Sep. 30, 2019
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, 2019, amounts received for prepaid rents of approximately $2,010,000 are included in cash and cash equivalents, and security deposits of approximately $2,860,000 are included in prepaid expenses and other assets and are restricted cash.