The Real Estate Development Partnership Agreement is essential when multiple parties wish to collaborate on property development projects in England and Wales. It provides a legal framework for joint ventures in real estate development, covering crucial aspects such as capital investment, profit distribution, risk allocation, and operational control. This agreement is particularly important for complex developments requiring substantial investment and expertise from multiple parties, ensuring clear governance and protecting all partners' interests while maintaining compliance with UK property law, planning regulations, and partnership legislation.
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1. Parties: Details of all partners and their registered addresses
2. Background: Context of the development project and partnership formation
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Legal structure, ownership percentages, and capital contributions
5. Project Scope: Detailed description of the development project
6. Financial Provisions: Profit sharing, losses, accounting, and funding arrangements
7. Management and Control: Decision-making processes and partner responsibilities
8. Duration and Termination: Partnership term and exit provisions
1. Development Manager Appointment: Terms for external development manager when using external development management
2. Construction Provisions: Specific construction obligations and requirements for complex development projects
3. Environmental Provisions: Specific environmental obligations for environmentally sensitive developments
4. Planning Obligations: Specific planning requirements and responsibilities when planning permission is required
1. Property Schedule: Details of the development site and title information
2. Business Plan: Detailed project plans, timelines, and budgets
3. Capital Contributions Schedule: Details of partner contributions and timing
4. Development Programme: Construction and development milestones
5. Planning Permissions: Copies of relevant planning permissions and conditions
6. Professional Team Appointments: Details of key consultants and contractors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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