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LEASED REAL PROPERTY IMPROVEMENT & MAINTENANCE Governance Policy (5.2.4)Published Date: June 8, 2020, Revision Date: Review Date: September 30, 2020, PURPOSE In accordance with Bylaw 4.12, the Board
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Gather all the necessary documents such as identification proof, income proof, and references from previous landlords.
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Leased real property refers to real estate that is rented or leased to tenants by the owner of the property.
Property owners or landlords who lease their real property to tenants are required to file leased real property.
Leased real property should be filled out by providing information on the property address, lease terms, rental income, and expenses related to the property.
The purpose of reporting leased real property is to document income and expenses related to the property for tax or regulatory purposes.
Information such as property address, lease terms, rental income, and expenses related to the property must be reported on leased real property.
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