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Real Estate Partnership Agreement
"I need a Real Estate Partnership Agreement for a three-party joint venture in Hong Kong, focusing on luxury residential property development, with one party being a silent investor contributing 60% of the capital while the other two partners will manage operations."
1. Parties: Identification and details of all partners entering the agreement
2. Background: Context of the partnership formation and its real estate objectives
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Partnership Structure: Legal structure, partnership type, and registration details
5. Capital Contributions: Initial and ongoing capital contributions from each partner
6. Ownership and Profit Sharing: Distribution of ownership interests and profit-sharing ratios
7. Management and Decision Making: Management structure, voting rights, and decision-making processes
8. Property Acquisition and Disposal: Procedures for acquiring and disposing of real estate assets
9. Financial Management: Banking, accounting, and financial reporting requirements
10. Partner Rights and Obligations: Detailed responsibilities and rights of each partner
11. Term and Termination: Duration of partnership and conditions for termination
12. Dispute Resolution: Procedures for resolving conflicts between partners
13. Governing Law: Specification of Hong Kong law as governing law
14. General Provisions: Miscellaneous legal provisions including notices, amendments, and severability
1. Property Management: Include when partnership will manage properties directly rather than outsource management
2. Development Projects: Include for partnerships focusing on property development activities
3. Financing Arrangements: Include when external financing or complex funding structures are involved
4. Intellectual Property: Include when partnership owns or develops branded properties or unique property concepts
5. Environmental Compliance: Include for properties requiring specific environmental management or compliance
6. Employee Management: Include when partnership will directly employ staff
7. Insurance Requirements: Include detailed insurance provisions for high-value or specialized properties
8. Exit Strategy: Include specific exit mechanisms for complex investment structures
1. Schedule 1 - Partner Information: Detailed information about each partner including contact details and shareholding
2. Schedule 2 - Initial Properties: List and details of properties already owned or identified for acquisition
3. Schedule 3 - Capital Contributions: Detailed breakdown of initial and committed capital contributions
4. Schedule 4 - Management Structure: Organizational chart and management responsibilities
5. Schedule 5 - Business Plan: Initial business plan and investment strategy
6. Schedule 6 - Valuation Methodology: Agreed methods for property valuation
7. Appendix A - Power of Attorney: Standard form of power of attorney for property transactions
8. Appendix B - Property Management Agreement: Template for property management agreements
9. Appendix C - Banking Resolutions: Standard banking and signing authorities
Authors
Real Estate
Property Development
Property Investment
Commercial Property
Residential Property
Property Management
Real Estate Finance
Construction
Property Technology
Urban Planning
Legal
Real Estate
Investment
Property Management
Operations
Finance
Compliance
Business Development
Asset Management
Risk Management
Real Estate Investment Manager
Property Development Director
Legal Counsel
Partnership Manager
Real Estate Fund Manager
Property Portfolio Manager
Investment Director
Chief Investment Officer
Real Estate Operations Manager
Business Development Manager
Real Estate Partner
Investment Analyst
Asset Manager
Compliance Officer
Property Acquisitions Manager
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