Joint Venture Real Estate Purchase Agreement

This Joint Venture Real Estate Purchase Agreement ("Agreement") is made and entered into as of the day of , , by and between:

• Party 1:
• Party 2:

Collectively referred to as the "Parties."

1. Purpose

The purpose of this Agreement is to set forth the terms and conditions upon which the Parties agree to jointly purchase, own, and manage the following real property:

Property Address:

Legal Description:

2. Purchase Price and Contributions

The total purchase price of the property shall be .

Party 1 Contribution:
Party 2 Contribution:

The Parties shall contribute to the purchase price and all related costs according to the percentages and/or amounts set forth above.

3. Ownership Interest

Party 1 Ownership Percentage:
Party 2 Ownership Percentage:

4. Management and Operations

Management and operational duties related to the property shall be divided as follows:

5. Profits and Losses

Profits and losses generated from the property shall be divided between the Parties in accordance with their respective ownership percentages, unless otherwise agreed in writing.

6. Dispute Resolution

Any disputes arising out of this Agreement shall be addressed as follows:

7. Term and Termination

This Agreement shall remain in effect until:

• The Parties mutually agree to terminate the joint venture; or
• The property is sold and proceeds are distributed.

8. Miscellaneous

Additional terms:

IN WITNESS WHEREOF, the Parties hereto have executed this Joint Venture Real Estate Purchase Agreement as of the date first written above.