Products tagged with 'real estate partnership form'
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Real Estate General Partnership Agreement | USA
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.
$29.99
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.
$34.99
Alberta Admission Agreement to Land Development Partnership
Bring on a new partner to an Alberta land development partnership with this Admission Agreement.
- This Admission Agreement would be used to admit a new partner into a partnership which was formed for the purpose of constructing and developing a commercial office and retail project on land owned by one of the partners.
- Provisions of the Admission Agreement include:
- capital contribution to be made by the new partner;
- covenants, representations and warranties of each of the parties;
- cash distributions and repayments to be made to original partners at the time of the new partner's buy-in;
- amendments to be made to the original Partnership Agreement, including allocation of partnership profit or loss;
- a management committee appointed by the partners will be responsible for managing and operating the partnership affairs.
- This template is in MS Word format and is fully editable to fit your circumstances.
- Intended to be used in the Province of Alberta, Canada.
$46.99
