Related Party Transactions

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

(3) Related Party Transactions –

The Partnership owns the percentage interest shown below in the following properties as tenants-in-common with the affiliated entities listed: Johnny Carino’s restaurant (50% – AEI Accredited Investor Fund 2002 Limited Partnership); Advance Auto Parts store (65% – AEI Income & Growth Fund 25 LLC); Applebee’s restaurant in Crawfordsville, Indiana (60% – AEI Income & Growth Fund 26 LLC); Tractor Supply Company store (50% – AEI Income & Growth Fund 24 LLC); Best Buy store (33% – AEI Income & Growth Fund 24 LLC and AEI Income & Growth Fund 27 LLC); Staples store (28% – AEI Income & Growth Fund 25 LLC); and PetSmart store (34% – AEI Accredited Investor Fund V LP).

The Partnership owned a 40% interest in a Jared Jewelry store. AEI Accredited Investor Fund 2002 Limited Partnership, an affiliate of the Partnership, owned a 60% interest in this property until the interest was sold, in a series of transactions, to unrelated third parties in 2013. The Partnership owned a 38% interest in an Applebee’s restaurant. AEI Income & Growth Fund XXI Limited Partnership, an affiliate of the Partnership, owned a 62% interest in this property until the property was sold to an unrelated third party in 2013.

AEI received the following reimbursements for costs and expenses from the Partnership for the years ended December 31:

		2014		2013
AEI is reimbursed for costs incurred in providing services related to managing the Partnership's operations and properties, maintaining the Partnership's books, and communicating with the Limited Partners. These  amounts included $2,194 and $0 of expenses related to Discontinued Operations in 2014 and 2013, respectively.	$	152,016	$	144,163
AEI is reimbursed for all direct expenses it paid on the Partnership's behalf to third parties related to Partnership administration and property management. These expenses included printing costs, legal and filing fees, direct administrative costs, outside audit costs, taxes, insurance and other property costs. These amounts included $40,384 and $12,855 of expenses related to Discontinued Operations in 2014 and 2013, respectively.	$	74,060	$	41,291
AEI is reimbursed for costs incurred in providing services and direct expenses related to the acquisition of properties on behalf of the Partnership.	$	0	$	35,444
AEI is reimbursed for costs incurred in providing services related to the sale of property.	$	0	$	91,957

The payable to AEI Fund Management, Inc. represents the balance due for the services described in 3a, b, c and d. This balance is non-interest bearing and unsecured and is to be paid in the normal course of business.