Real Estate LLC Partnership Agreement Template for Canada

1. Property Management: Include when the LLC will manage properties directly rather than outsource management

2. Development Projects: Include when the LLC will engage in real estate development activities

3. Foreign Investment: Include when foreign partners are involved or foreign properties are contemplated

4. Financing Arrangements: Include when specific financing structures or requirements need to be detailed

5. Insurance Requirements: Include when specific insurance policies need to be maintained

6. Environmental Compliance: Include when dealing with properties requiring environmental considerations

7. Right of First Refusal: Include when partners want pre-emptive rights on property sales or interest transfers

8. Buy-Sell Provisions: Include when partners want specific mechanisms for buying out other partners

9. Non-Compete Clauses: Include when restrictions on partners' other real estate activities are needed

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

2. Schedule B - Property Schedule: List of properties owned or to be acquired by the LLC partnership

3. Schedule C - Management Structure: Detailed organizational chart and management responsibilities

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

5. Schedule E - Fee Structure: Management fees, property acquisition fees, and other fee arrangements

6. Appendix 1 - Partner Information: Detailed information about each partner including contact details and tax information

7. Appendix 2 - Property Management Procedures: Standard operating procedures for property management

8. Appendix 3 - Financial Reporting Requirements: Templates and requirements for financial reporting

9. Appendix 4 - Voting Procedures: Detailed procedures for partner voting and decision-making