mini-warehouse limited partnership definition

mini-warehouse limited partnership

A type of partnership where funds are invested into small warehouses that have space available for people to lease at a monthly rate. Any income received from the leasing of the space is divided up between partners. Only the general partner has claims to the space should the business go under or be liquidated. As long as all outstanding obligations have been met with other partners, the general partner is able to retain all funds associated with the sale of the warehouse.

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