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Real Estate Partnership Agreement Template for Ireland

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Key Requirements PROMPT example:

Real Estate Partnership Agreement

"I need a Real Estate Partnership Agreement for three partners establishing a residential property development venture in Dublin, with a focus on apartment complexes and an initial capital contribution of €5 million, to commence operations in March 2025."

Document background
The Real Estate Partnership Agreement is essential for parties looking to collaborate in real estate ventures within Ireland's legal framework. It is typically used when two or more parties wish to combine their resources, expertise, and capital for real estate investment, development, or management activities. The document includes crucial provisions regarding capital contributions, profit sharing, property management, decision-making processes, and partner responsibilities. It must comply with Irish partnership law, property legislation, and relevant regulatory requirements. The agreement is particularly important for structuring complex real estate ventures, protecting partners' interests, and establishing clear operational guidelines. It should be customized based on the specific nature of the real estate activities, whether they involve commercial properties, residential developments, or mixed-use projects.
Suggested Sections

1. Parties: Identification and details of all partners entering into the agreement

2. Background: Context of the partnership formation and its real estate focus

3. Definitions: Defined terms used throughout the agreement

4. Partnership Formation: Establishment of the partnership, its name, and commencement date

5. Purpose and Scope: Detailed description of partnership's real estate activities and objectives

6. Capital Contributions: Initial and ongoing capital contributions from each partner

7. Ownership of Partnership Property: Rules regarding acquisition, ownership, and title holding of real estate assets

8. Profit and Loss Allocation: Distribution of profits and losses among partners

9. Management and Control: Partnership management structure and decision-making processes

10. Property Management: Procedures for managing real estate assets and operations

11. Banking and Financial Matters: Financial management, accounts, and banking arrangements

12. Transfer of Partnership Interests: Rules for transferring partnership interests and admission of new partners

13. Withdrawal and Dissolution: Procedures for partner withdrawal and partnership dissolution

14. Dispute Resolution: Methods for resolving partnership disputes

15. Governing Law: Confirmation of Irish law governance and jurisdiction

Optional Sections

1. Development Projects: Include when partnership will engage in real estate development activities

2. Property Letting: Include when partnership will engage in rental property management

3. Environmental Matters: Include for properties with environmental concerns or obligations

4. Intellectual Property: Include if partnership will develop/use proprietary property management systems

5. Employment Matters: Include if partnership will directly employ staff

6. Insurance: Include detailed insurance requirements for high-value property portfolios

7. Tax Matters: Include specific tax planning structures if complex tax arrangements apply

8. Anti-Money Laundering: Include detailed AML procedures for high-value transactions

Suggested Schedules

1. Schedule 1 - Initial Capital Contributions: Detailed breakdown of each partner's initial capital contribution

2. Schedule 2 - Property Portfolio: List and details of initial real estate assets

3. Schedule 3 - Management Structure: Detailed management and reporting structure

4. Schedule 4 - Business Plan: Initial business plan and investment strategy

5. Schedule 5 - Bank Account Details: Partnership bank account and signatory information

6. Appendix A - Property Management Procedures: Detailed procedures for property management

7. Appendix B - Valuation Methodology: Agreed methods for property valuation

8. Appendix C - Partner Contact Details: Contact information for all partners and key personnel

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions











































Clauses





































Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Property Investment

Construction

Property Management

Hospitality

Retail

Industrial Property

Mixed-Use Development

Relevant Teams

Legal

Real Estate

Property Management

Investment

Operations

Finance

Compliance

Business Development

Asset Management

Risk Management

Acquisitions

Development

Relevant Roles

Real Estate Director

Property Development Manager

Investment Manager

Legal Counsel

Property Portfolio Manager

Partnership Manager

Real Estate Operations Director

Chief Investment Officer

Asset Manager

Development Director

Real Estate Finance Manager

Compliance Officer

Property Acquisition Manager

Managing Partner

Real Estate Fund Manager

Industries









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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