Real Estate Limited Partnership Agreement | USA

Set up a USA limited partnership between a general partner and several limited partners with this Limited Partnership Agreement template.

• The General Partner will not be required to contribute any cash to the capital of the Partnership. The Limited Partners must each purchase a minimum number of units.
• The limited partners are not liable for the debts or liabilities of the Partnership and are not required to make additional capital contributions.
• The liability exposure of the limited partners is limited to the amount of the subscription paid by each of them for their partnership units.
• The General Partner has full authority in the management of the Partnership.
• The agreement includes provisions for withdrawal of the General Partner and assignment of a partnership interest. The Partnership has a right of first refusal to purchase the withdrawing partner's units.

Keep your assets out of probate when you die with this USA Declaration of Nominee Trust.

• A nominee trust is a trust created for the purpose of holding property on behalf of beneficiaries whose identities are kept secret.
• The trustee's sole duty is to hold the trust property and pay over any trust income to the beneficiaries. The trustee has no power to deal with the property except as directed by the beneficiaries.
• Unless terminated earlier by one or more beneficiaries, the trust will automatically terminate twenty years after its effective date.
• The trust will not be administered by any court.
• Any termination of the trust, amendments to the Trust Declaration, and any changes in trustees must be recorded in the county records.

It's never to early to start your estate planning. Buy the USA Declaration of Nominee Trust and get started on yours now.

Sell a real estate property in the United States with this template USA Real Estate Purchase and Sale Agreement.

• Fixtures. The property is being sold with all the attached fixtures, including window coverings.
• Encumbrances. The property will be free of any encumbrances on title except for existing zoning laws, party wall agreements, easements, and the like.
• Title Defects. If the seller is unable to perfect title or make the property conform to all building and zoning laws within the time agreed to by the parties, all payments made by the buyer will be refunded and the agreement will be void. However, the buyer has the option to elect to accept the property even if the title has not been perfected.
• Adjustments. All rents, taxes, mortgage interest and other charges with respect to the property will be adjusted as of the closing date.
• Default by Buyer. If the buyer defaults in fulfilling any of its obligations, the seller may keep any amounts paid as liquidated damages.
• Financing Condition. The sale is conditioned upon the buyer obtaining mortgage financing.
• Lead Disclosure. The agreement includes the required Lead Paint Disclosure form.