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1. Parties: Identifies all partners entering into the agreement, including their full legal names, addresses, and ABN/ACN if applicable
2. Background: Outlines the context of the agreement, including the partners' intention to jointly invest in and manage rental properties
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Partnership Structure: Details the nature of the partnership, ownership percentages, and capital contributions
5. Partnership Objectives: States the primary goals and scope of the partnership's rental property business
6. Capital Contributions: Specifies initial and ongoing capital contributions required from each partner
7. Profit and Loss Distribution: Details how rental income, expenses, profits, and losses will be shared among partners
8. Management and Decision Making: Outlines the management structure and decision-making processes for the partnership
9. Property Management Responsibilities: Defines roles and responsibilities regarding property maintenance, tenant relations, and day-to-day operations
10. Financial Management: Establishes procedures for handling rental income, expenses, accounting, and banking
11. Partner Meetings: Specifies frequency of meetings, voting rights, and meeting procedures
12. Duration and Termination: States the partnership term and conditions for termination or dissolution
13. Dispute Resolution: Outlines the process for resolving disagreements between partners
14. Governing Law: Specifies that the agreement is governed by Australian law and relevant state jurisdiction
1. Buy-Sell Provisions: Include when partners want specific procedures for buying out others' interests or transferring ownership
2. Property Acquisition Strategy: Add when partners want to document specific criteria or processes for acquiring new properties
3. External Management: Include when the partnership plans to engage professional property managers
4. Insurance Requirements: Add when specific insurance coverage needs to be mandated
5. Intellectual Property: Include when the partnership will develop branded property management systems or marketing materials
6. Non-Compete Clause: Add when partners want to restrict involvement in competing property investments
7. Partner Loans: Include when partners anticipate making loans to the partnership
8. Tax Treatment: Add when specific tax arrangements or structures need to be documented
1. Schedule A - Property Schedule: List of properties owned by the partnership, including purchase prices and ownership details
2. Schedule B - Capital Contributions: Detailed breakdown of each partner's initial and subsequent capital contributions
3. Schedule C - Management Duties: Detailed allocation of management responsibilities among partners
4. Schedule D - Fee Structure: Breakdown of management fees, partner compensation, and other regular payments
5. Schedule E - Banking Arrangements: Details of partnership bank accounts and authorized signatories
6. Appendix 1 - Partner Contact Information: Complete contact details for all partners and key personnel
7. Appendix 2 - Property Management Procedures: Standard operating procedures for property management activities
8. Appendix 3 - Financial Reporting Templates: Templates for required financial reports and partner distributions
Applicable Laws
Assets
Business Day
Business Hours
Capital Account
Capital Contribution
Commencement Date
Confidential Information
Distributable Profits
Financial Year
Force Majeure Event
Gross Rental Income
Initial Capital Contribution
Investment Property
Management Committee
Managing Partner
Net Operating Income
Operating Expenses
Partner
Partnership
Partnership Assets
Partnership Bank Account
Partnership Business
Partnership Interest
Partnership Property
Property Manager
Rental Income
Reporting Period
Reserved Matters
Security Deposit
Special Resolution
Tenant
Term
Termination Date
Transfer
Unanimous Resolution
Valuation
Working Capital
Partnership Formation
Term and Duration
Capital Contributions
Ownership Interest
Property Management
Financial Management
Profit Distribution
Loss Allocation
Decision Making
Management Rights
Partner Obligations
Property Maintenance
Insurance
Confidentiality
Non-Competition
Transfer Restrictions
Buy-Sell Provisions
Default
Termination
Dissolution
Force Majeure
Dispute Resolution
Notices
Assignment
Amendments
Governing Law
Severability
Entire Agreement
Property Acquisition
Banking Arrangements
Accounting Records
Partner Meetings
Representations and Warranties
Indemnification
Tax Matters
Property Disposal
Tenant Relations
Compliance
Real Estate
Property Management
Investment Services
Financial Services
Property Development
Legal Services
Asset Management
Property Investment
Legal
Property Management
Investment
Finance
Operations
Compliance
Risk Management
Asset Management
Business Development
Partner Relations
Property Investment Manager
Real Estate Investment Director
Property Portfolio Manager
Asset Manager
Investment Strategist
Property Operations Manager
Legal Counsel
Investment Analyst
Financial Controller
Partnership Manager
Property Development Manager
Risk Management Officer
Compliance Manager
Investment Relations Manager
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