Real Estate Partnership Agreement - 2273 Downloads

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Real Estate Partnership Agreement
File Size: 44 KB
Downloads: 2273
Uploaded on: 2015-11-16 10:53:00
File Name: Real-Estate-Partnership-Agreement.docx
Download: Free
A real estate partnership agreement is a document which states that two or more people are purchasing real estate together. This type of agreement helps the owners of the property to maintain an equal share of work and financial responsibilities. This type of agreement is well suited for unmarried couples, friends or business partners purchasing land or property together.The content for this agreement primarily states all of the distribution of duties and all of the expectations that each partner has regarding their real estate purchase. The agreement should note the amount that all the parties put into the property, as well as the amount for upkeep and renovation to the property. The real estate partnership agreement format should also state the various responsibilities, such as hiring a painter or maintaining the lawn, which all the partners agree to. The agreement should state what is to become of the property if one or more of the partners wish to end the partnership or sell their share of the property.This real estate partnership agreement sample is between two friends who are purchasing four rental homes together. They have agreed that both partners will take equal responsibility for the initial purchase of the homes and the costs of renovations. The sample will also state all of the expectations that the partners have for one another after the homes have been renovated, and their participation in the renting of the properties.

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