Rental Property Partnership Agreement Template for Australia

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