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L E A S E The L LEASEHOLD A D V I S O RY S E RV I CE ASSOCIATION OF RESIDENTIAL MANAGING AGENTSCONSULTATION for Private Landlords, Resident Management Companies and their Agents.20ContentsPurpose
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A d v i stands for Declaration of Value and Identity.
Individuals or entities conducting certain financial transactions are required to file a d v i.
A d v i can be filled out online or in person at a government office.
The purpose of a d v i is to report financial transactions and provide information about the party involved.
Information such as the value of the transaction, identity of the parties involved, and purpose of the transaction must be reported on a d v i.
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