Whenever like-minded people come together with an intention to do some work to generate income, they are said to be working in a partnership. There can be several forms of partnership such as verbal, written etc. It is always advised that partners should have a written agreement so that all roles and responsibilities, all duties and rights, all remuneration and profit sharing details are clearly marked. Also, any disputes can be easily resolved with the help of the said agreement. For Real Estate companies which has more than one owner i.e., it is a partnership, it is always better to have a written agreement to ensure a transparent and tension-free working relationship.
This way, boundaries are well-known beforehand and one can proceed will a free mind regarding their efforts and the consequent rewards associated with that effort. Below we are giving Real Estate Partnership Agreement Examples & Templates for your benefit.
The above sample template is an example of a Limited Partnership in Real Estate sector. It means that the partnership has been formed with a Limited and Defined scope of operations. This partnership will not get into the activities associated with the Real Estate sector. This partnership wishes to make use of the favourable investment climate in their area and wishes to attract investment for the sake of giving good returns to customers. Their intention is not to sell homes to people who would want to stay there as well. They are only looking for customers who wish to invest a certain amount and sell as soon as a certain profit is realisable. This example is in a very simple format and is freely downloadable and printable as well.
The above sample template is a very specialised partnership agreement of the Real Estate Sector. In this case, two people who held individual stakes in a certain property for many years and had no commercial relationship with each other regarding it, have come together to sell their stakes in the said property to a Partnership company in which these two individuals are the only partners as well. This way, they are creating a commercial entity which will be holding ownership of a piece of land which will be developed for real estate purposes and will be subsequently sold according to improved market value. This type of arrangement is a very creative way of forming a good legal relationship for the sake of commercial benefit. This example is in a very detailed format and is freely available for downloading and printing.
The above sample template is again a case of a unique type of partnership. In this case, two individuals come together to form a partnership in the Real Estate sector for the purpose of purchasing properties with the seed capital and then selling them at a higher price in the future. They will not be conducting any renovation or up-gradation work on the purchased properties and will rely on the market conditions to naturally increase the price with the passage of time. This is thus like an investment vehicle and the affairs of the company will be managed by one partner only whereas the second partner will be a sleeping partner, meaning, he will not participate in the day to day working of the company. He will only be providing the major portion of the seed capital in lieu of partnership rights. This is once again another way to operate in the real estate sector to make money while being in a partnership agreement. This example is in a very simple format and is free to download and print.
The above template is a step by step guide for understanding what are the tax implications in case of a partnership agreement. There are many types of cash and non-cash transactions possible in a partnership agreement. They all have tax implications. These implications need to be understood properly in case you are also a partner in a partnership firm. All these rules apply to a partnership agreement in the Real Estate sector as well. This example is a very good tutorial for the purpose of learning and can be easily downloaded and printed for free.
The above sample template is a generic partnership agreement formed in the Real Estate Sector for all purposes associated with this industry. It can be used by anyone to suit their needs and is free to download and print.
The above sample template is once again a generic partnership agreement in the real estate sector formed between interested parties. It is free to download and print and can be used by anyone according to their needs.
A Real Estate Joint Venture partnership is a special partnership that is formed exclusively for the sake executing a particular real estate project between interested parties. The above document is a pointer to that and gives great information. It is free to download and print.
In case of a Real Estate partnership which has been formed to work on farming land, the above document provides all the guidelines. It is in a very simple format and downloadable for free.
The above sample is also a generic Real Estate Partnership agreement which can be used as a guide for interested individuals. It is freely downloadble and printable.