Related Party Transactions

12 Months Ended

Dec. 31, 2013

Notes to Financial Statements

Related Party Transactions

The Partnership has entered into management agreements with Dahn to operate its mini-storage facilities. Agreement provides for a management fee equal to 5% of gross revenue from operations, defined as the entire amount of all receipts from the renting or leasing of storage compartments and sale of locks. The management agreements are renewable annually. During 2013 and 2012 the Partnership paid Dahn management fees of $100,614 and $94,875, respectively. Amounts payable to Dahn at December 31, 2013 and 2012 were $7,739 and $8,127, respectively.

Beginning in July 2011, the General Partner, DSI Properties, Inc. performs all tax related work with respect to the Partnership. These services are paid monthly in the amount of $3,826. Tax fees paid to DSI Properties, Inc. for the year ended December 31, 2013 were $45,912.