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    Alberta Land Development Partnership Agreement


    Set up a partnership to develop and build a commercial office and retail project in Alberta with this Land Development Partnership Agreement template.

    • The Agreement is between the owner of the land to be developed, and a managing partner (the Operator) who will be lending money to the project.
    • Additional partners may be brought on if deemed necessary by the original partners.
    • The Operator will advance sufficient funds to the partnership which will be lent to the owner interest-free for demolition and to secure surrender of existing leases.
    • Details of the Operator's compensation for managing development, construction and completion of the project.
    • Procedure for advances made to the partnership by a partner.
    • Buy-sell provisions which give the other partners a right of first refusal to purchase the interest of a departing partner.
    • Procedure for disposing of the partnership assets on termination or dissolution.
    • Available in MS Word format and fully editable.
    • Intended to be used only in the Province of Alberta, Canada.
    Download Type: Microsoft Word
    Last Updated: 29-September-2022
    SKU: 3942