Real Estate Partnership Agreement for Singapore

Real Estate Partnership Agreement Template for Singapore

A comprehensive legal agreement governed by Singapore law that establishes and regulates a partnership between two or more parties for real estate investment, development, or management purposes. The agreement details capital contributions, profit sharing, management responsibilities, property acquisition and disposal procedures, and operational protocols while ensuring compliance with Singapore's Partnership Act, Estate Agents Act, and related property legislation.

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What is a Real Estate Partnership Agreement?

The Real Estate Partnership Agreement is essential for parties seeking to collaborate in Singapore's dynamic property market. It provides a legal framework for joint real estate ventures, covering crucial aspects such as ownership structure, capital contributions, profit distribution, and management responsibilities. This document is particularly vital given Singapore's strict property regulations and the complexity of real estate transactions in the jurisdiction. The agreement ensures compliance with local laws while protecting partners' interests and establishing clear operational guidelines.

What sections should be included in a Real Estate Partnership Agreement?

1. Parties: Identification and details of all partnership members

2. Background: Context and purpose of the partnership agreement

3. Definitions: Key terms used throughout the agreement

4. Partnership Structure: Legal form, ownership percentages, and capital contributions

5. Management and Control: Decision-making processes and management responsibilities

6. Financial Arrangements: Profit sharing, losses, accounting, and banking arrangements

7. Property Management: Rules for acquiring, managing, and disposing of property

8. Term and Termination: Duration of partnership and termination provisions

What sections are optional to include in a Real Estate Partnership Agreement?

1. Non-Competition: Restrictions on partners' competing activities when partners have other business interests

2. Intellectual Property: IP rights and brand usage provisions when partnership involves branded properties or services

3. Insurance: Required insurance coverage provisions when specific insurance requirements exist

4. Foreign Ownership: Special provisions for foreign partners when non-Singapore partners are involved

What schedules should be included in a Real Estate Partnership Agreement?

1. Schedule 1: Property Portfolio: List of properties owned or managed by the partnership

2. Schedule 2: Capital Contributions: Detailed breakdown of partners' capital contributions

3. Schedule 3: Management Structure: Organizational chart and management responsibilities

4. Schedule 4: Banking Arrangements: Bank account details and signing authorities

5. Appendix A: Property Management Procedures: Standard operating procedures for property management

6. Appendix B: Valuation Methods: Agreed methods for property valuation

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions
Clauses
Industries

Partnership Act 1890: Primary legislation governing partnership formation, operation, rights and duties of partners, and partnership dissolution in Singapore

Civil Law Act: Fundamental legislation governing contracts and property matters in Singapore's legal system

Estate Agents Act 2010: Regulates real estate agency services, including licensing requirements, registration, and professional conduct standards

Residential Property Act: Controls and restricts foreign ownership of residential properties in Singapore

Property Tax Act: Governs taxation obligations related to property ownership and transactions in Singapore

Stamp Duties Act: Regulates stamp duty obligations including Buyer's Stamp Duty (BSD), Additional Buyer's Stamp Duty (ABSD), and Seller's Stamp Duty (SSD)

Companies Act: Relevant for partnerships considering registration as Limited Liability Partnerships (LLP)

Planning Act: Controls zoning, land use restrictions, and development controls in Singapore

Building Control Act: Governs building safety, maintenance requirements, and renovation/construction regulations

Environmental Public Health Act: Covers property maintenance requirements and environmental compliance standards

URA Regulations: Specific regulations from Urban Redevelopment Authority governing urban planning and property development

SLA Regulations: Singapore Land Authority regulations concerning land ownership and administration

CEA Guidelines: Council for Estate Agencies guidelines governing real estate agency practice and professional conduct

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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