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Real Estate Partnership Agreement Template for Hong Kong

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Key Requirements PROMPT example:

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."

Document background
The Real Estate Partnership Agreement is a crucial document for parties seeking to establish a formal partnership structure for real estate investments and operations in Hong Kong. It is specifically designed to comply with Hong Kong's Partnership Ordinance (Cap. 38) and real estate regulations, providing a comprehensive framework for partners to pool resources and expertise in property ventures. This document becomes necessary when two or more parties wish to jointly invest in, develop, or manage real estate assets, requiring clear definition of capital contributions, profit sharing, management rights, and operational procedures. It includes essential provisions for property acquisition, development, management, and disposal, while addressing risk allocation and dispute resolution mechanisms specific to Hong Kong's legal environment. The agreement is particularly important given Hong Kong's dynamic property market and complex regulatory requirements for real estate investments.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions















































Clauses









































Relevant Industries

Real Estate

Property Development

Property Investment

Commercial Property

Residential Property

Property Management

Real Estate Finance

Construction

Property Technology

Urban Planning

Relevant Teams

Legal

Real Estate

Investment

Property Management

Operations

Finance

Compliance

Business Development

Asset Management

Risk Management

Relevant Roles

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

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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