Note 12. Payable Under Management Agreement
ProGreenManagement has entered into management agreements with certain property owners to manage rental properties and under the terms of the agreements ProGreen Management collects rent and remits the property owners’ portion of collected rent, net of a management fee to the owners. At October 31, 2012 and April 30, 2012 net rent amounts due totaled $ 0 and $4,030, respectively. |