Real Estate Partnership Agreement Template

Disclaimer

The information provided is intended solely as a general example for documenting arrangements between parties involved in real estate collaborations. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in property law or partnership agreements. Laws and regulations may vary depending on the state or jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this sample is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

Please note: This is a sample template for a Real Estate Partnership Agreement. Actual terms may vary based on specific circumstances and legal requirements. Adjust as necessary for your case.

Sample Real Estate Partnership Agreement

Parties Involved:

Partner 1: Alice Johnson
Address: 789 Maple Street, Los Angeles, CA 90001

Partner 2: Bob Williams
Address: 456 Oak Avenue, Los Angeles, CA 90002

Description of the Property:

The partnership involves the acquisition and management of real estate property located at 1010 Sunset Boulevard, Los Angeles, CA 90028, including all improvements, fixtures, and rights associated with said property.

Partnership Terms and Contributions:

The partners agree to jointly invest and share profits and losses from the property as per the terms outlined herein. Each partner’s contribution, whether monetary, property, or services, shall be specified in Appendix A.

Profit and Loss Sharing:

Profits and losses will be allocated according to each partner’s ownership percentage, as detailed in Appendix B, and distributions shall be made quarterly.

Obligations and Responsibilities:

Each partner shall contribute their agreed-upon share of efforts, funding, and expertise in managing the property, and shall adhere to the operational guidelines established by the partnership.

Governing Law:

This agreement shall be governed by the laws of the State of California. Any disputes shall be resolved in the courts located within Los Angeles County.

Additional Provisions:

• Any amendments to this agreement must be made in writing and signed by both partners.
• Partner departures, additions, or transfers of interest require prior written consent of the remaining partners.
• The partnership shall maintain proper records and accountings, which shall be accessible to all partners.

Los Angeles, ______________________