Real Estate General Partnership Agreement | USA

Set up a general partnership for buying, developing and leasing real estate properties with this USA Real Estate General Partnership Agreement template.

  • Cash flow of the partnership will be distributed among the partners in the same proportion as profits and losses are allocated.
  • If the income produced by the partnership properties is not sufficient to pay operating costs, the partners will contribute additional funds in proportion to their capital interests.
  • If a partner fails to make his/her contribution, the other partners may contribute additional funds, which may be treated either as additional capital or as a loan to the defaulting partner.
  • A partner may transfer all or part of his interest to or for the benefit of a spouse or descendant(s).
  • If a partner wants to transfer all or part of his interest to someone other than a family member, the other partners have a first right of refusal to purchase the interest.
  • The partnership can be terminated by a majority vote (based on interests). Upon termination the partnership assets will be sold and any net proceeds will be distributed to the partners in proportion to their capital interests.
  • The USA Real Estate General Partnership Agreement template is available as a downloadable Microsoft Word file, which is fully customizable to meet your needs.
Document Type: Microsoft Word
Last Updated: 31-March-2021
SKU: 489
$29.99
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Real Estate Limited Partnership Agreement | USA

Create a limited partnership for purchasing investment real estate properties in the USA under this Real Estate Limited Partnership Agreement.

  • In addition to cash contributions to capital, the general partners will contribute to the partnership certain real estate property under a contract for purchase and sale.
  • The partnership assumes all of the purchaser's obligations under this contract, except for the payment of costs associated with the purchase transaction, which will be paid by the general partners.
  • Partnership profits and losses will be distributed among or borne by the partners in proportion to their capital contributions.
  • Proceeds from the sale of any property or asset held by the partnership will be allocated among the partners in amounts equal to their cash contributions, and a portion of the balance allocated proportionately among the partners in proportion to their capital contributions.
  • None of the partners will receive a salary or be entitled to draws for services rendered on behalf of the partnership.
  • No Limited Partner shall have the right to substitute an assignee as contributor in his place.
  • This template is provided in MS Word format, and is easy to download, edit with your specific details, and print.
  • This legal form is governed by the laws of the United States.
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LLC Operating Agreement for Real Estate | USA

Set the terms by which an LLC will buy, develop and lease real estate property with this easy-to-use LLC Operating Agreement for Real Estate Developer.

  • This 11-page agreement template establishes the formation of a multi-member limited liability company in the United States for the purpose of purchasing, developing, operating, leasing and/or selling real estate properties.
  • The members are responsible for managing the business and affairs of the LLC and may appoint one or more managers to delegate that authority to.
  • Provisions for admitting new members and for existing members to transfer their interest.
  • Provisions for tax and accounting procedures. The LLC is treated as a partnership for U.S. federal tax purposes.
  • Provisions for dissolution of the LLC, liquidation and distribution of the assets on a pro rata basis after payment of the LLC's obligations.
  • This is a U.S. template which can be used in most states. Check with the Secretary of State in your area to find out what else is required.
  • An LLC can be a cost-effective and efficient structure for a real estate developer.
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Limited Partnership Agreement | USA

Set up a USA limited partnership between a general partner and several limited partners with this Limited Partnership Agreement template.

  • The General Partner will not be required to contribute any cash to the capital of the Partnership. The Limited Partners must each purchase a minimum number of units.
  • The limited partners are not liable for the debts or liabilities of the Partnership and are not required to make additional capital contributions.
  • The liability exposure of the limited partners is limited to the amount of the subscription paid by each of them for their partnership units.
  • The General Partner has full authority in the management of the Partnership.
  • The agreement includes provisions for withdrawal of the General Partner and assignment of a partnership interest. The Partnership has a right of first refusal to purchase the withdrawing partner's units.
  • This template is provided in MS Word format and is easy to download and customize.
  • Governed by U.S. laws and intended to be used only within the United States.
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Lease Proposal for Commercial Premises | USA

Submit an offer to lease business space with this easy template Lease Proposal for commercial premises.

  • The template can be used for office or retail leases.
  • The Lease Proposal form contains relevant information and items to be negotiated by the parties, including:
    • corporate profile of the prospective tenant,
    • information on guarantors (if any),
    • credit references,
    • term of the lease, items included in the lease (utilities, parking spaces, etc)
    • scope and extent of tenant improvements required to convert the space for the tenant's use,
    • tenant's undertakings and representations.
  • This Lease Proposal template can be used throughout the United States.
  • The form is available as a MS Word download which is customizable and easy to use.
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