Rent from land of partnership firm

Rajdeep (partner) (37 Points)

13 August 2013  

Dear All,

I am a partner in a firm where the other partner is my mother.

The firm has some land and shed that we let out as warehouses. My query to you all is, being the partners of the firm can we, ( me and my mother ), let out the warehouses and collect the rent in our personal names through cheque ?

Thank you all in advance.