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Home Buying Partnership Agreement
"I need a Home Buying Partnership Agreement for a property purchase with my sister, where I will contribute 60% and she will contribute 40% of the purchase price, with completion planned for March 2025."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the partnership arrangement
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Details of ownership shares and financial contributions
5. Property Details: Specific information about the property being purchased
6. Financial Arrangements: Payment terms, contributions, and financial obligations
7. Management and Decision Making: Process for making decisions about the property
8. Term and Termination: Duration of agreement and exit provisions
1. Mortgage Arrangements: Details of any mortgage financing - include when property purchase involves mortgage financing
2. Property Management: Arrangements for maintaining and managing the property - include when specific management arrangements are needed
3. Buy-out Provisions: Process for one party buying out others - include when parties want pre-agreed buy-out terms
4. Rental Arrangements: Terms for renting out the property - include if property may be rented
1. Schedule 1: Property Details: Detailed property description and title information
2. Schedule 2: Financial Contributions: Breakdown of initial and ongoing financial contributions
3. Schedule 3: Management Procedures: Detailed procedures for property management
4. Appendix A: Property Valuation: Initial property valuation report
5. Appendix B: Mortgage Details: Mortgage offer and terms (if applicable)
Authors
Completion Date
Completion Price
Contributed Amount
Contributing Parties
Effective Date
Financial Contributions
Initial Valuation
Joint Ownership Share
Management Expenses
Market Value
Mortgage
Mortgage Lender
Ownership Percentage
Parties
Partnership Period
Property
Property Costs
Property Manager
Purchase Price
Registered Title
Sale Proceeds
Service Charges
Termination Date
Title Documents
Transfer
Valuation Report
Working Day
Interpretation
Definitions
Partnership Structure
Financial Contributions
Property Purchase
Ownership Rights
Decision Making
Property Management
Mortgage Obligations
Insurance
Maintenance and Repairs
Costs and Expenses
Tax Matters
Sale or Transfer
Buy-out Rights
Default Provisions
Dispute Resolution
Notices
Force Majeure
Termination
Assignment
Confidentiality
Entire Agreement
Severability
Variations
Third Party Rights
Governing Law
Jurisdiction
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