Real Estate Joint Venture Agreement


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.

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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

AND

Name: Stanford Constructions

Address: Bowling Street, New Jersey, USA

Contact No: 02224895626/ 02224895627

Type of Party: Corporate

DATED

OCTOBER 10, 2010

VENTURE INFORMATION

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

SPECIFIC DUTIES

  • 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.

SIGNATURE                                                  SIGNATURE

MR.ROBERT JONES FOR

Stanford Constructions

MR.DAVID HANLEY

 

Category: Joint Venture Agreements

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