As the resident partner, you are responsible for paying all property taxes and maintenance costs[cite: 241]. [cite_start]This arrangement is based on an 'exchange of benefits': You receive the exclusive right to live in and use the entire property without paying any rent to the Fund[cite: 242, 243]. [cite_start]In exchange, you cover the property's ongoing expenses[cite: 244].
How are expenses related to the property shared between the partners?
In this article:
