Real Estate Limited Partnership Agreement Template for New Zealand

1. Key Person Provisions: Required when specific individuals are crucial to the partnership's operation

2. Investment Committee: Used when the partnership wants a formal committee to approve investments

3. Co-Investment Rights: Included when partners have rights to co-invest in specific properties

4. REIT Compliance: Required if the partnership needs to comply with REIT regulations

5. Borrowing and Security: Needed when the partnership intends to use leverage

6. Property Management: Include when the partnership will manage properties directly

7. Development Projects: Required if the partnership will undertake property development

8. Environmental Matters: Important when dealing with properties with environmental concerns

9. Foreign Investment Provisions: Needed when foreign investors are involved or foreign properties are targeted

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

2. Schedule 2: Investment Guidelines: Detailed investment criteria, prohibited investments, and concentration limits

3. Schedule 3: Fees and Expenses: Comprehensive breakdown of management fees, carried interest, and cost allocations

4. Schedule 4: Distribution Waterfall: Detailed calculations and examples of distribution priorities

5. Schedule 5: Valuation Policy: Methodology for valuing partnership assets and interests

6. Schedule 6: Administrative Procedures: Processes for capital calls, distributions, and partner communications

7. Appendix A: Subscription Agreement: Form for admitting new Limited Partners

8. Appendix B: Transfer Agreement: Template for transferring partnership interests

9. Appendix C: Power of Attorney: Limited Partners' grant of authority to General Partner