Define: Real Estate Limited Partnership

Business, Legal & Accounting Glossary

Definition: Real Estate Limited Partnership



Advertisement



Full Definition of Real Estate Limited Partnership


A real estate limited partnership is an investment vehicle for real estate investing. A real estate limited partnership, like any limited partnership, is a legal entity with one or more general partners and one or more limited partners. The limited partners in a real estate limited partnership have no management control of the real estate limited partnership and in return, they have limited liability protection. The financial return that a limited partner receives from a real estate limited partnership is defined by written agreement and may vary from one real estate limited partnership to the next. A real estate limited partnership may invest in new construction or may benefit from existing income streams from both developed and undeveloped properties. Some of the advantages of a real estate limited partnership can include high potential growth as well as certain tax shelter benefits.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/real-estate-limited-partnership/
Modern Language Association (MLA):
Real Estate Limited Partnership. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 07, 2020 https://payrollheaven.com/define/real-estate-limited-partnership/.
Chicago Manual of Style (CMS):
Real Estate Limited Partnership. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/real-estate-limited-partnership/ (accessed: April 07, 2020).
American Psychological Association (APA):
Real Estate Limited Partnership. PayrollHeaven.com. Retrieved April 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/real-estate-limited-partnership/

Definition Sources


Definitions for Real Estate Limited Partnership are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th February, 2020