XML 29 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Leases (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Leases

Leases

 

The Partnership generally leases apartment units for twelve-month terms or less.  The Partnership will offer rental concessions during particularly slow months or in response to heavy competition from other similar complexes in the area.  Rental income attributable to leases, net of any concessions, is recognized on a straight-line basis over the term of the lease.  The Partnership evaluates all accounts receivable from residents and establishes an allowance, after the application of security deposits, for accounts greater than 30 days past due on current tenants and all receivables due from former tenants.