Real Estate Glossary

What is Limited Partnership?

A limited partnership is a type of partnership in which there are one or more general partners who manage the business and are personally liable for its debts, and one or more limited partners who are only liable for the partnership's debts to the extent of their capital contributions. In real estate, limited partnerships are commonly used for large-scale commercial or residential development projects, as they allow investors to participate in the project while limiting their personal liability.

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