SMOKING POLICY Smoking on the Premises is: (check one)
Accounting Policies There has been no change in accounting policies or practices of the Company since December 31, 2019, other than as disclosed in the Company Financial Statements.
NON-SMOKING POLICY CONTRACTOR shall establish a written non-smoking policy 11 shall specify that the facility is “smoke free” and that designated smoking areas are outside the visiting 12 areas at the facility.
Critical Accounting Policies The section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Time of Sale Prospectus and the Prospectus accurately and fairly describes (i) the accounting policies that the Company believes are the most important in the portrayal of the Company’s financial condition and results of operations and that require management’s most difficult subjective or complex judgment; (ii) the material judgments and uncertainties affecting the application of critical accounting policies and estimates; (iii) the likelihood that materially different amounts would be reported under different conditions or using different assumptions and an explanation thereof; (iv) all material trends, demands, commitments and events known to the Company, and uncertainties, and the potential effects thereof, that the Company believes would materially affect its liquidity and are reasonably likely to occur; and (v) all off-balance sheet commitments and arrangements of the Company and its Controlled Entities, if any. The Company’s directors and management have reviewed and agreed with the selection, application and disclosure of the Company’s critical accounting policies as described in the Registration Statement, the Time of Sale Prospectus and the Prospectus and have consulted with its independent accountants with regards to such disclosure.
No Smoking Policy Due to the increased risk of fire, increased maintenance costs, and the health effects of secondhand smoke, the Lessor is adopting the following No-Smoking Policy, which prohibits smoking inside the unit rented by Lessee(s), property and any common interior areas, including but not limited to hallways, laundry rooms, stairways, and elevator, within all living units, and within 10 feet of building(s) including entry ways, porches, balconies and patios. This policy applies to all residents, guests, and visitors.