Real Estate Limited Partnership Agreement Template for Nigeria

1. Investment Committee: Establishes a committee to review and approve major investment decisions - used for larger partnerships

2. NIPC Compliance: Special provisions for compliance with Nigerian Investment Promotion Commission - required if foreign partners are involved

3. Asset Management: Detailed provisions for property management - used when the partnership will manage properties directly

4. Development Projects: Specific provisions for real estate development activities - included if the partnership will engage in development

5. Environmental Matters: Special provisions for environmental compliance - important for industrial or potentially contaminated properties

6. Financing Arrangements: Provisions regarding partnership borrowing and financing - used when leverage will be employed

7. Tax Matters Partner: Designation and duties of tax matters partner - important for larger partnerships

8. Special Purpose Vehicles: Provisions for creating and managing subsidiary entities - used in complex investment structures

1. Schedule A - Partner Information: Details of all partners including contact information and initial capital commitments

2. Schedule B - Property Schedule: List and details of initial properties or targeted investment properties

3. Schedule C - Capital Contributions: Detailed breakdown of initial and committed capital contributions

4. Schedule D - Fee Structure: Details of management fees, promote structure, and other partnership fees

5. Schedule E - Investment Guidelines: Specific criteria and limitations for property investments

6. Schedule F - Allocation Provisions: Detailed provisions for profit/loss allocations and distribution waterfalls

7. Appendix 1 - Form of Transfer Agreement: Standard form for transferring partnership interests

8. Appendix 2 - Property Management Agreement: Standard form of property management agreement if applicable

9. Appendix 3 - Subscription Agreement: Form for admitting new limited partners to the partnership