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Property Partnership Agreement
"I need a Property Partnership Agreement for three Singapore-based investors who are purchasing a commercial property in Orchard Road, with unequal ownership shares (50%, 30%, 20%) and specific provisions for rental income distribution."
1. Parties: Details of all partners entering the agreement
2. Background: Context of the partnership and property acquisition
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Ownership percentages and capital contributions
5. Property Details: Specific information about the property being partnered on
6. Management Rights: Decision-making processes and management responsibilities
7. Financial Obligations: Cost sharing, expense allocation, and profit distribution
8. Term and Termination: Duration of partnership and exit provisions
1. Mortgage Details: Include when property is financed through loans - covers financing terms and obligations
2. CPF Usage: Rules and provisions regarding use of CPF funds for property purchase and obligations
3. Rental Management: Provisions for rental operations including tenant management and income distribution
4. Foreign Ownership Provisions: Special provisions and compliance requirements for non-Singaporean partners
1. Property Details Schedule: Detailed property information including title details, location, and specifications
2. Capital Contributions Schedule: Breakdown of initial and ongoing capital contributions from each partner
3. Expense Allocation Schedule: Detailed breakdown of cost sharing arrangements and payment responsibilities
4. Management Rules: Detailed procedures for property management and decision-making processes
5. Partner Information: Detailed information about each partner including contact details and citizenship status
Authors
Property
Partners
Partnership
Effective Date
Commencement Date
Property Title
Capital Contribution
Partnership Share
Partnership Property
Management Committee
Partnership Assets
Net Income
Operating Expenses
Maintenance Costs
Initial Capital
Additional Capital
Property Manager
Managing Partner
Permitted Use
Transfer
Encumbrance
Default Event
Force Majeure
Business Day
Confidential Information
Gross Floor Area
Sale Proceeds
Rental Income
Singapore Dollar
SGD
Valuation
Market Value
Loan Agreement
Mortgage
Security Interest
Reserved Matters
CPF Funds
Stamp Duty
Title Documents
Common Property
Joint Management Body
Management Corporation
Formation of Partnership
Capital Contributions
Ownership Structure
Property Management
Decision Making
Financial Obligations
Income Distribution
Bank Accounts
Property Maintenance
Insurance
Transfer Restrictions
Right of First Refusal
Mortgage and Financing
CPF Matters
Default
Termination
Force Majeure
Confidentiality
Dispute Resolution
Notices
Assignment
Entire Agreement
Severability
Amendments
Costs and Expenses
Indemnification
Governing Law
Death or Incapacity
Partnership Meetings
Records and Accounts
Property Sale
Rental Management
Tax Matters
Foreign Ownership
Further Assurance
Waiver
Third Party Rights
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