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Real Estate General Partnership Agreement | USA

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

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

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

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.

$19.99