Alberta Forms for Meeting of Development Co-Owners

Bring on a new partner to an Alberta land development partnership with this Admission Agreement.

• This Admission Agreement would be used to admit a new partner into a partnership which was formed for the purpose of constructing and developing a commercial office and retail project on land owned by one of the partners.
• Provisions of the Admission Agreement include:
  • capital contribution to be made by the new partner;
  • covenants, representations and warranties of each of the parties;
  • cash distributions and repayments to be made to original partners at the time of the new partner's buy-in;
  • amendments to be made to the original Partnership Agreement, including allocation of partnership profit or loss;
  • a management committee appointed by the partners will be responsible for managing and operating the partnership affairs.
• This template is in MS Word format and is fully editable to fit your circumstances.
• Intended to be used in the Province of Alberta, Canada.

Set up a partnership to develop and build a commercial office and retail project in Alberta with this Land Development Partnership Agreement template.

• The Agreement is between the owner of the land to be developed, and a managing partner (the Operator) who will be lending money to the project.
• Additional partners may be brought on if deemed necessary by the original partners.
• The Operator will advance sufficient funds to the partnership which will be lent to the owner interest-free for demolition and to secure surrender of existing leases.
• Details of the Operator's compensation for managing development, construction and completion of the project.
• Procedure for advances made to the partnership by a partner.
• Buy-sell provisions which give the other partners a right of first refusal to purchase the interest of a departing partner.
• Procedure for disposing of the partnership assets on termination or dissolution.
• Available in MS Word format and fully editable.
• Intended to be used only in the Province of Alberta, Canada.

Set up a joint venture between a land developer and a land owner to develop a property with this Joint Venture and Land Development Agreement for Canadian projects.

• The Agreement dictates how the parties will develop, construct and market a major project on the subject property.
• The parties will incorporate a new corporation to hold the land as bare trustee on behalf of the joint venture.
• The trustee corporation will be managed by the land developer.
• The parties are not partners, agents or legal representatives of each other.
• The parties agree not to resort to any action to partition the property.
• All listing and sale prices will be mutually determined by both parties.
• Each party has a right of first refusal to purchase the other party's interest.

A joint venture to develop land is a major undertaking and the underlying agreement needs to address all of the salient issues. Get this Canada Joint Venture and Land Development Agreement for your project.

Land developers, prepare a Development Agreement for Commercial Project with this comprehensive template.

• The parties to the agreement are the developer and a municipal corporation (City), in connection with the City issuing a permit to the developer for construction and development of a commercial office and retail project.
• Provisions of the agreement include:
  • restrictions on setback lands;
  • requirements for structural drawings, load calculations, below grade structures, and other elements of construction;
  • development and construction of parking, loading bays and messenger stalls;
  • construction of, access to and control over public areas, including handicapped access;
  • disputes to be settled by arbitration.
• This template is provided in MS Word format and is totally editable to meet your needs.