text: The Company’s policy is to write‑off tenant receivables when the tenant vacates the unit and any subsequent receipt of funds is netted 
  against bad debts. The Company’s bad debt expense experience has historically been less than 0.4% of revenues. As a result of the low 
  bad debt experience, no allowance for doubtful accounts is recorded in the accounts. 
  
  **9. Inventory**
  
  Inventory relates to manufactured homes for which sales have not closed at year‑end, as well as four stock homes (2012 ‑ eight stock 
  homes) and related expenses. As at December 31, 2013, no amount of the inventory is pledged as collateral related to short‑term or 
  long‑term financing. 