Date:
This Real Estate Investment Shareholder Agreement ("Agreement") is entered into on the date above by and among the following parties (the "Shareholders"):
The purpose of this Agreement is to detail the terms and conditions by which the Shareholders will jointly invest in, own, and manage the following property (the "Property"):
Property Address:
The ownership of the Property shall be divided among the Shareholders as follows:
Each Shareholder shall contribute the following amounts:
All major decisions regarding the Property, including but not limited to sale, refinancing, or major improvements, shall require the consent of Shareholders holding at least percentage of the shares.
Net income or proceeds from the Property shall be distributed to the Shareholders in proportion to their shareholdings after deduction of all expenses and obligations.
No Shareholder shall transfer, sell, or assign their interest without first offering it to the other Shareholders on the same terms.
In the event a Shareholder wishes to withdraw or in the event of death, the remaining Shareholders shall have the option to purchase the shares at fair market value.
This Agreement shall be governed by the laws of the State of .
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written.
| _____________________________ Shareholder 1 |
_____________________________ Shareholder 2 |
_____________________________ Shareholder 3 |