In your situation, when you retired and until you sell your partnership share in the property, you of course remain as one of the landlords together with your two other partners, but the ‘tenant’ is now the practice (for example, the two partners excluding yourself).
Thus, to be fair, you should indeed receive your one-third of the notional rent and this should continue until you actually sell your share.
However, along with the rent of course goes the other responsibilities of a landlord and, as the notional rent is calculated on the basis of a landlord bearing responsibility for the undertaking of external decoration and repair, structural repair and the payment of building insurance, you should continue to bear liability for your share in all of these elements.
- GP recently produced a special Medeconomics Insight supplement on optimising your premises for the future. It is available to view here