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Real Estate Partnership Agreement
"I need a Real Estate Partnership Agreement under Belgian law for a joint venture between my property development company and a foreign investment fund to develop a mixed-use commercial property in Brussels, with the partnership commencing on March 1, 2025."
1. Parties: Identification and details of all partners entering the agreement
2. Background: Context of the partnership formation and its objectives
3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation
4. Partnership Structure: Legal form of the partnership and its registration details
5. Property Details: Specification of the real estate assets included in the partnership
6. Capital Contributions: Details of initial and ongoing capital contributions from each partner
7. Ownership and Profit Sharing: Partnership interests and profit distribution mechanisms
8. Management and Decision Making: Governance structure and voting rights
9. Financial Management: Accounting procedures, banking arrangements, and financial reporting
10. Property Management: Responsibilities for property maintenance and management
11. Transfer of Interests: Rules for transferring partnership interests
12. Term and Termination: Duration of partnership and termination procedures
13. Dispute Resolution: Procedures for resolving conflicts between partners
14. Governing Law: Confirmation of Belgian law application and jurisdiction
15. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Development Projects: Include when partnership involves property development activities
2. Financing Arrangements: Include when external financing or mortgages are involved
3. Property Letting: Include when partnership involves rental property management
4. Environmental Compliance: Include for properties with specific environmental considerations
5. Tax Structure: Include when specific tax planning arrangements are agreed
6. Insurance Requirements: Include detailed insurance provisions for high-value properties
7. Asset Management: Include for partnerships with multiple properties requiring active management
8. Regional Specific Provisions: Include specific provisions based on property location (Brussels/Wallonia/Flanders)
1. Schedule 1 - Property Details: Detailed description of properties including cadastral details and certificates
2. Schedule 2 - Initial Capital Contributions: Detailed breakdown of each partner's initial contributions
3. Schedule 3 - Valuation Report: Professional valuation of the property assets
4. Schedule 4 - Management Procedures: Detailed procedures for day-to-day management
5. Schedule 5 - Financial Procedures: Detailed accounting and financial management procedures
6. Appendix A - Property Plans: Official plans and drawings of the properties
7. Appendix B - Partner Information: Detailed information about each partner including KYC documentation
8. Appendix C - Required Permits: Copies of all relevant permits and certificates
9. Appendix D - Insurance Certificates: Copies of insurance policies and certificates
Authors
Effective Date
Partners
Partnership
Property
Business Day
Capital Account
Capital Contribution
Initial Capital Contribution
Additional Capital Contribution
Partnership Interest
Ownership Share
Profit Share
Loss Share
Managing Partner
Partnership Committee
Management Fee
Net Income
Net Loss
Operating Expenses
Property Management Services
Transfer
Encumbrance
Fair Market Value
Fiscal Year
Regional Authority
Permitted Use
Environmental Laws
Urban Planning Regulations
Development Plans
Material Adverse Change
Confidential Information
Force Majeure Event
Default Event
Exit Event
Gross Rental Income
Net Operating Income
Maintenance Costs
Property Taxes
Insurance Requirements
Cadastral Reference
Building Permit
Environmental Permit
Urban Development Certificate
Voting Rights
Reserved Matters
Distribution
Transfer Notice
Right of First Refusal
Tag-Along Rights
Drag-Along Rights
Deadlock
Expert Determination
Valuation Date
Partnership Structure
Capital Contributions
Property Rights
Ownership
Management Rights
Voting Rights
Decision Making
Property Management
Financial Management
Profit Distribution
Cost Allocation
Transfer Restrictions
Right of First Refusal
Tag-Along Rights
Drag-Along Rights
Environmental Compliance
Urban Planning Compliance
Insurance
Confidentiality
Non-Competition
Force Majeure
Termination
Default
Buy-Out Rights
Dispute Resolution
Governing Law
Amendments
Notices
Assignment
Severability
Entire Agreement
Third Party Rights
Tax Matters
Deadlock Resolution
Representations and Warranties
Indemnification
Reporting Requirements
Bank Accounts
Property Maintenance
Development Rights
Real Estate
Property Development
Construction
Commercial Property Management
Residential Property Management
Real Estate Investment
Architecture & Design
Urban Development
Property Technology
Facilities Management
Legal
Real Estate
Property Management
Investment
Development
Operations
Finance
Compliance
Construction
Asset Management
Real Estate Manager
Property Development Director
Investment Manager
Legal Counsel
Corporate Lawyer
Property Portfolio Manager
Asset Manager
Development Director
Real Estate Partner
Investment Director
Chief Investment Officer
Real Estate Analyst
Commercial Director
Managing Partner
Operations Director
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