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Real Estate Investment Partnership Agreement
"I need a Real Estate Investment Partnership Agreement for a joint venture between a UAE-based property development company and three international investors, with a focus on luxury residential developments in Dubai and specific provisions for Shariah compliance."
1. Parties: Identification of all partners, including full legal names, addresses, and registration details for corporate entities
2. Background: Context of the partnership formation, purpose of the investment, and brief description of the target real estate assets
3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and rules of interpretation
4. Partnership Structure and Purpose: Legal structure of the partnership, its objectives, and scope of activities
5. Capital Contributions: Details of initial and subsequent capital contributions from each partner, including valuation methods for non-cash contributions
6. Ownership and Profit Sharing: Partnership interests, profit-sharing ratios, and distribution mechanisms
7. Management and Control: Governance structure, decision-making processes, and partner voting rights
8. Real Estate Investment Parameters: Investment criteria, property selection process, and investment restrictions
9. Operating Procedures: Day-to-day management procedures, including property management and maintenance
10. Financial Management: Banking arrangements, accounting procedures, and financial reporting requirements
11. Regulatory Compliance: Compliance with UAE real estate laws, RERA regulations, and other applicable laws
12. Partner Rights and Obligations: Detailed rights and responsibilities of each partner
13. Transfer Restrictions: Limitations on transfer of partnership interests and right of first refusal provisions
14. Term and Termination: Duration of the partnership and circumstances for termination
15. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law
16. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Shariah Compliance: Required if the partnership needs to operate according to Islamic finance principles
2. Development Rights: Include when the partnership involves property development activities
3. Property Management Services: Required if the partnership will provide property management services
4. Foreign Ownership Provisions: Include when any partners are non-UAE nationals or entities
5. Financing Arrangements: Include when the partnership will seek external financing
6. Exit Strategy: Detailed procedures for partner exit, including buy-out mechanisms
7. Insurance Requirements: Specific insurance obligations beyond standard coverage
8. Environmental Compliance: Include for properties requiring specific environmental considerations
9. Employee Matters: Required if the partnership will have direct employees
1. Schedule 1 - Property Details: Detailed description of initial or target properties, including title details and encumbrances
2. Schedule 2 - Capital Contributions: Detailed breakdown of each partner's capital contributions and valuation methods
3. Schedule 3 - Business Plan: Initial business plan including investment strategy and financial projections
4. Schedule 4 - Management Structure: Organizational chart and detailed management procedures
5. Schedule 5 - Fee Structure: Details of management fees, performance fees, and other charges
6. Schedule 6 - Reserved Matters: List of decisions requiring special approval or unanimous consent
7. Appendix A - Power of Attorney: Standard form of power of attorney for partnership operations
8. Appendix B - Compliance Checklist: Regulatory compliance requirements and procedures
9. Appendix C - Transfer Forms: Standard forms for transfer of partnership interests
10. Appendix D - Property Management Agreement: Template agreement for property management services
Authors
Real Estate
Property Development
Construction
Investment Management
Asset Management
Financial Services
Property Management
Professional Services
Banking
Islamic Finance
Legal
Investment
Real Estate
Compliance
Finance
Risk Management
Business Development
Asset Management
Corporate Development
Operations
Chief Executive Officer
Chief Investment Officer
Real Estate Investment Manager
Legal Counsel
Property Development Director
Investment Analyst
Asset Manager
Compliance Officer
Financial Controller
Business Development Manager
Partnership Manager
Real Estate Portfolio Manager
Risk Manager
Managing Director
Board Member
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