A real estate investment partnership agreement is a document which is formally drafted in the case where two or more parties agree to be partners in the real estate investment venture. Such documents are legal in nature which means that any party which violates the terms can be held chargeable under law.
Sample Real Estate Investment Partnership Agreement:
This agreement has been entered into as on the effective date of 26th Feb 2011
This agreement has been made between Mr. Fred Rowdy who is herein referred to as the partner 1 and Mr. Harrison Ford who is herein referred to as the partner 2 in this partnership agreement.
The details of the parties/partners are given as follows:
Address: QW-89, first floor, Paul street London
Contact number: 464947934094
Address: S—8, Fred tower, London
Contact number: 4703947303030
The partners shall be involved in a business where they will invest equally amounts in the real estate properties.
Termination of agreement:26th Fen 2013
The following are the terms and conditions of the agreement:
PARTNER 1 shall handle all the operations that involved selecting the right real estate ventures to invest in.
PARTNER 2 shall be responsible for dealing with the clients and finalising various investment deals.
The profits earned shall be equally divided amongst both the parties and any overhead charge shall too be divided to be payable by both the parties equally.
Any dispute shall be handled by federal state laws.