Real Estate joint venture agreement is an agreement where both the parties sign an official document to buy and develop a real estate site together. This type of agreement specifies all the terms and conditions that are agreed by both the parties.
Sample Real Estate Joint Venture Agreement:
This real estate joint venture agreement is entered between:
Name: Mr. Robert. Jones
Address: Stanley Street, Florida, USA
Contact No: 02225896935 / 02225895623
Type of Party: Individual
Name: Stanford Constructions
Address: Bowling Street, New Jersey, USA
Contact No: 02224895626/ 02224895627
Type of Party: Corporate
OCTOBER 10, 2010
Venture Name: Robert & Stanford group of hotels.
Venture purpose: Construction of 5 star hotels in and around Florida
Venture Address: Austin Street, Florida, USA
CONTRIBUTION OF CAPITAL
Member Amount of Capital
Mr. Robert Jones $ 250000000
Stanford Constructions $ 500000000
Both the parties would jointly contribute towards the development of the hotels.
Both the parties will bear the Payment towards raw materials, labor force and other expenses as per the share of their capital.
Top Management of both the parties would look into the legal aspect of the project.
TERMS & CONDITIONS
Both the parties can terminate the agreement by giving the prior notice of 6 months.
Members must keep all the information relating to business and finance confidential.