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1. Parties: Identification and details of all partners entering the agreement
2. Background: Context of the partnership formation and its primary purpose in real estate investment
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Partnership Formation: Legal establishment of the partnership, including type, name, and principal place of business
5. Purpose and Scope: Specific objectives of the partnership and types of real estate investments to be pursued
6. Capital Contributions: Initial and ongoing capital requirements, valuation of non-cash contributions, and capital accounts
7. Ownership and Profit/Loss Sharing: Partnership interests, profit/loss allocation, and distribution policies
8. Management and Control: Management structure, voting rights, and decision-making processes
9. Property Management: Procedures for acquiring, managing, and disposing of real estate assets
10. Banking and Financial Matters: Banking arrangements, accounting practices, and financial reporting requirements
11. Transfer Restrictions: Limitations on transferring partnership interests and right of first refusal provisions
12. Partner Obligations: Duties, responsibilities, and commitments of all partners
13. Meetings and Voting: Procedures for partner meetings and voting requirements
14. Books and Records: Record-keeping requirements and partner access to information
15. Term and Termination: Duration of partnership and conditions for termination
16. Dissolution and Liquidation: Process for winding up the partnership and distributing assets
1. Foreign Investment Provisions: Required when partners include non-Canadian investors, addressing compliance with the Investment Canada Act
2. Leverage and Financing: Include when the partnership strategy involves obtaining mortgage financing or other forms of debt
3. Development Projects: Necessary when the partnership plans to engage in real estate development rather than just acquisition
4. Property Management Company: Include when using external property management services
5. Key Person Insurance: Required when the partnership relies heavily on specific partners' expertise or connections
6. Buy-Sell Provisions: Include when partners want specific mechanisms for buying out others' interests
7. Conflict Resolution: Detailed dispute resolution procedures beyond standard arbitration
8. Non-Compete Clauses: Include when partners have other real estate interests that could compete with the partnership
9. Environmental Matters: Required when dealing with properties that may have environmental risks or concerns
10. Advisory Committee: Include when the partnership structure includes an advisory board or committee
1. Schedule A - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contribution
2. Schedule B - Property Schedule: List and details of properties initially owned by the partnership
3. Schedule C - Management Agreement: Terms of engagement with property management company if applicable
4. Schedule D - Investment Criteria: Specific criteria for evaluating and selecting real estate investments
5. Schedule E - Fee Structure: Detailed breakdown of management fees, acquisition fees, and other partnership charges
6. Schedule F - Partner Contact Information: Complete contact details for all partners and authorized representatives
7. Appendix 1 - Voting Procedures: Detailed procedures for partner voting and meeting protocols
8. Appendix 2 - Financial Reporting Requirements: Specific requirements for financial statements and reports
9. Appendix 3 - Property Management Procedures: Standard operating procedures for property management
10. Appendix 4 - Exit Procedures: Detailed procedures for partner withdrawal or partnership dissolution
Real Estate
Property Development
Investment Management
Commercial Property
Residential Property
Industrial Property
Retail Property
Property Management
Construction
Financial Services
Legal
Real Estate Investment
Property Management
Finance
Acquisitions
Asset Management
Investment Analysis
Compliance
Operations
Risk Management
Real Estate Investment Manager
Property Development Manager
Legal Counsel
Investment Analyst
Real Estate Fund Manager
Chief Investment Officer
Property Portfolio Manager
Real Estate Partner
Investment Director
Asset Manager
Chief Financial Officer
Real Estate Acquisitions Manager
Partnership Administrator
Compliance Officer
Real Estate Operations Manager
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