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Property Development Partnership Agreement
"I need a Property Development Partnership Agreement for a joint venture between my construction company and a land owner to develop a mixed-use commercial and residential complex in Dublin, with construction starting in March 2025 and specific provisions for phased development and profit-sharing based on capital contributions."
1. Parties: Identification and details of all partners entering into the agreement
2. Background: Context of the agreement, including the purpose of the partnership and overview of the development project
3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and rules of interpretation
4. Partnership Formation and Term: Establishment of the partnership, commencement date, and duration
5. Partnership Interests and Capital Contributions: Details of each partner's ownership interest and initial/ongoing capital contributions
6. Property Development Project: Specific details about the development project, including scope, timeline, and objectives
7. Management and Decision Making: Governance structure, voting rights, and decision-making processes
8. Roles and Responsibilities: Specific duties and obligations of each partner
9. Financial Matters: Financial management, profit sharing, loss allocation, and accounting procedures
10. Development Budget and Funding: Project budget details and funding arrangements
11. Planning and Construction: Requirements for planning permission, construction management, and project execution
12. Distribution of Profits: Methods and timing of profit distribution from the development
13. Transfer of Interests: Rules regarding the transfer of partnership interests and right of first refusal
14. Default and Remedy: Events of default and corresponding remedies
15. Termination: Circumstances and procedures for partnership termination
16. General Provisions: Standard legal provisions including notices, amendments, governing law
1. Third-Party Financing: Terms relating to external financing arrangements, used when the partnership seeks external funding
2. Phased Development: Specific provisions for projects developed in phases, included when the development will be completed in stages
3. Sales and Marketing: Provisions regarding the sale or letting of completed units, included when partners will handle sales/letting
4. Environmental Compliance: Detailed environmental obligations, included for environmentally sensitive developments
5. Property Management: Post-completion management arrangements, included when partners will maintain involvement after development
6. Intellectual Property: IP rights provisions, included when the development involves unique designs or branding
7. Joint Venture Provisions: Additional provisions for joint venture partnerships, included when partnering with corporate entities
8. Development Manager: Provisions regarding appointment and duties of a development manager, if applicable
1. Schedule 1 - Property Details: Detailed description of the development property including title information and plans
2. Schedule 2 - Business Plan: Detailed business plan including market analysis and financial projections
3. Schedule 3 - Development Program: Detailed timeline and milestones for the development project
4. Schedule 4 - Budget and Cost Plan: Detailed development budget and cost breakdown
5. Schedule 5 - Planning Permissions: Details of existing and required planning permissions
6. Schedule 6 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions
7. Schedule 7 - Professional Team: Details of appointed professional consultants and contractors
8. Appendix A - Plans and Drawings: Architectural plans, designs, and technical drawings
9. Appendix B - Environmental Reports: Environmental surveys and impact assessments
10. Appendix C - Construction Specifications: Detailed construction and material specifications
Authors
Real Estate
Construction
Property Development
Commercial Property
Residential Property
Mixed-use Development
Urban Planning
Infrastructure Development
Property Investment
Construction Management
Legal
Real Estate
Property Development
Construction Management
Investment
Finance
Planning and Development
Asset Management
Project Management
Risk Management
Property Development Director
Real Estate Partner
Construction Manager
Development Project Manager
Investment Director
Legal Counsel
Property Investment Manager
Senior Development Executive
Construction Director
Real Estate Finance Manager
Planning Consultant
Commercial Director
Asset Manager
Development Surveyor
Partnership Manager
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