LLC Operating Agreement for Real Estate | USA

Create a limited partnership for purchasing investment real estate properties in the USA under this Real Estate Limited Partnership Agreement.

• In addition to cash contributions to capital, the general partners will contribute to the partnership certain real estate property under a contract for purchase and sale.
• The partnership assumes all of the purchaser's obligations under this contract, except for the payment of costs associated with the purchase transaction, which will be paid by the general partners.
• Partnership profits and losses will be distributed among or borne by the partners in proportion to their capital contributions.
• Proceeds from the sale of any property or asset held by the partnership will be allocated among the partners in amounts equal to their cash contributions, and a portion of the balance allocated proportionately among the partners in proportion to their capital contributions.
• None of the partners will receive a salary or be entitled to draws for services rendered on behalf of the partnership.
• No Limited Partner shall have the right to substitute an assignee as contributor in his place.
• This template is provided in MS Word format, and is easy to download, edit with your specific details, and print.
• This legal form is governed by the laws of the United States.

Set up a general partnership for buying, developing and leasing real estate properties with this USA Real Estate General Partnership Agreement template.

• Cash flow of the partnership will be distributed among the partners in the same proportion as profits and losses are allocated.
• If the income produced by the partnership properties is not sufficient to pay operating costs, the partners will contribute additional funds in proportion to their capital interests.
• If a partner fails to make his/her contribution, the other partners may contribute additional funds, which may be treated either as additional capital or as a loan to the defaulting partner.
• A partner may transfer all or part of his interest to or for the benefit of a spouse or descendant(s).
• If a partner wants to transfer all or part of his interest to someone other than a family member, the other partners have a first right of refusal to purchase the interest.
• The partnership can be terminated by a majority vote (based on interests). Upon termination the partnership assets will be sold and any net proceeds will be distributed to the partners in proportion to their capital interests.
• The USA Real Estate General Partnership Agreement template is available as a downloadable Microsoft Word file, which is fully customizable to meet your needs.

Prepare a Security Deposit Refund and Claim Statement for Repairs and Cleaning with this easy-to-use template for outgoing tenants.

This form sets out:

• termination date of the tenancy,
• amount of interest accrued on the deposit (if any),
• itemized list of amounts deducted from the deposit and retained by the landlord, and what those deductions are for,
• balance of the deposit being returned to the tenant, or, if applicable, the amount that the tenant still owes the landlord.

This Security Deposit Refund and Claim Statement for Repairs and Cleaning is in MS Word format, and is easy to download, fill in and print.

Restaurant Management Agreement Overview

This document is a fully editable Restaurant Management Agreement, designed to facilitate the hiring of a manager responsible for overseeing the daily operations of a restaurant. The agreement can be easily tailored to meet specific requirements and is available for immediate download in Microsoft Word format.

Manager's Duties

The manager’s core responsibilities include hiring and training all restaurant staff to ensure smooth operations. Additionally, the manager is responsible for creating both food and beverage menus, setting menu pricing, and establishing appropriate dress codes for staff and guests. The manager must also obtain all necessary licenses and permits required to operate the restaurant and ensure that the establishment is maintained and managed in full compliance with the owner’s specified operating standards.

Marketing

The manager is tasked with establishing, overseeing, and supervising all marketing, advertising, and promotional campaigns aimed at supporting and growing the restaurant’s business.

Limitations on Manager's Authority

The manager’s authority is specifically limited in certain areas. The manager is not permitted to enter into any lease or license agreements, nor can the manager incur any financial obligations beyond ordinary trade debt. The manager is also prohibited from acquiring capital assets, borrowing money, or mortgaging or otherwise encumbering the business.

Insurance Requirements

It is the manager’s responsibility to secure and maintain all necessary insurance coverages for the restaurant. This includes, but is not limited to, liability insurance, all-risk coverage, worker’s compensation, disability insurance, and business interruption coverage.

Labor Agreements

All negotiations pertaining to labor union collective bargaining agreements are the sole responsibility of the restaurant owner, not the manager.

Other Terms

The agreement includes detailed provisions governing the termination of the management arrangement, as well as terms regarding the transfer of restaurant operations from the manager to the owner or to a replacement manager, as applicable.

Generic Contract and Customization

This Restaurant Management Agreement is a generic legal document that does not reference the laws of any specific country or jurisdiction. As such, it can be readily customized to address the unique needs and circumstances of any restaurant operation.

Obtaining the Form

The Restaurant Management Agreement will download to your device immediately after purchase and is provided in an editable MS Word format for convenience.

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.
• This template is provided in MS Word format and is easy to download and customize.
• Governed by U.S. laws and intended to be used only within the United States.