PROPERTY OWNERS AND MANAGERS SURVEY
                      MULTI FAMILY PROPERTIES:  LENGTH OF LEASE
                                      TABLE 16
    
     ________________________________________________________________________________________
    !                     !          !          TYPE OF MULTI FAMILY PROPERTY               !
    !                     !          !______________________________________________________!
    !                     !  TOTAL   !         !        !        !        !        ! 50 OR  !
    !                     ! UNITED   !         ! 3 TO 4 ! 5 TO 9 ! 10 TO 1! 20 TO 4! MORE   !
    !                     ! STATES   ! 2 UNITS ! UNITS  ! UNITS  !  UNITS !  UNITS ! UNITS  !
    !_______________________________________________________________________________________!
    !TOTAL UNITED STATES  ! 20584822 ! 3084750 !2471070 !1894445 !1467786 !2223786 !9442986 !
    !_______________________________________________________________________________________!
    !LENGTH OF LEASE      !          !         !        !        !        !        !        !
    !_____________________!          !         !        !        !        !        !        !
    !LESS THAN 1 YEAR OR  !  7501597 !  981193 ! 951102 ! 661886 ! 547929 ! 729616 !3629871 !
    !MONTHLY              !          !         !        !        !        !        !        !
    !_______________________________________________________________________________________!
    !1 YEAR               !  9578208 ! 1027925 ! 850853 ! 832993 ! 679534 !1087521 !5099382 !
    !_______________________________________________________________________________________!
    !MORE THAN 1 YEAR, BUT!   138707 !   23200 !      0 !  10289 !  19990 !  29676 !  55552 !
    !LESS THAN 2 YEARS    !          !         !        !        !        !        !        !
    !_______________________________________________________________________________________!
    !2 YEARS              !   600429 !   41641 !  20396 !  59351 !  39848 ! 147888 ! 291305 !
    !_______________________________________________________________________________________!
    !MORE THAN 2 YEARS    !   111601 !   26906 !      0 !   3342 !   3091 !   6190 !  72072 !
    !_______________________________________________________________________________________!
    !NO LEASE REQUIRED    !  2213545 !  889811 ! 590133 ! 291011 ! 126827 ! 165168 ! 150595 !
    !_______________________________________________________________________________________!
    !NOT REPORTED         !   187302 !    1606 !  34585 !  15691 !  19844 !  24833 !  90743 !
    !_______________________________________________________________________________________!
    !RENT FREE            !   253429 !   92468 !  24001 !  19881 !  30721 !  32893 !  53465 !
    !_______________________________________________________________________________________!