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HOTEL RENTAL INCOME
12 Months Ended
Jun. 30, 2012
Hotel Rental Income [Abstract]  
Hotel Rental Income [Text Block]

NOTE 12 – HOTEL RENTAL INCOME

 

The Partnership has a lease agreement with Tru Spa, LLC (Tru Spa) for the use of the spa facilities expiring in May 2013. The lease provides the Partnership with minimum monthly payments of $14,000, subject to increases based on the Consumer Price Index. Minimum future rentals to be received under the terms of this lease as of June 30, 2012 are $151,000.