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Property Partnership Agreement
"I need a Property Partnership Agreement for three Singapore-based investors who are purchasing a commercial property in Orchard Road, with unequal ownership shares (50%, 30%, 20%) and specific provisions for rental income distribution."
1. Parties: Details of all partners entering the agreement
2. Background: Context of the partnership and property acquisition
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Ownership percentages and capital contributions
5. Property Details: Specific information about the property being partnered on
6. Management Rights: Decision-making processes and management responsibilities
7. Financial Obligations: Cost sharing, expense allocation, and profit distribution
8. Term and Termination: Duration of partnership and exit provisions
1. Mortgage Details: Include when property is financed through loans - covers financing terms and obligations
2. CPF Usage: Rules and provisions regarding use of CPF funds for property purchase and obligations
3. Rental Management: Provisions for rental operations including tenant management and income distribution
4. Foreign Ownership Provisions: Special provisions and compliance requirements for non-Singaporean partners
1. Property Details Schedule: Detailed property information including title details, location, and specifications
2. Capital Contributions Schedule: Breakdown of initial and ongoing capital contributions from each partner
3. Expense Allocation Schedule: Detailed breakdown of cost sharing arrangements and payment responsibilities
4. Management Rules: Detailed procedures for property management and decision-making processes
5. Partner Information: Detailed information about each partner including contact details and citizenship status
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