Real Estate Partnership Dissolution Agreement

This Real Estate Partnership Dissolution Agreement ("Agreement") is entered into as of , by and between the following Parties ("Partners"):

• Name:
• Address:

• Name:
• Address:

1. Background

The Partners entered into a partnership agreement dated (the "Partnership Agreement"), for the purposes of owning, operating, and managing the real estate property located at ("Property").

2. Dissolution

The Partners hereby agree to dissolve their partnership as of ("Dissolution Date"), and to terminate all joint business operations associated with the Property.

3. Winding Up Affairs

• All partnership debts and obligations shall be paid from the partnership assets.
• Distribution of any remaining proceeds or assets will be made as follows:
  • Partner Name: — Share: %
  • Partner Name: — Share: %

4. Release of Claims

Each Partner releases and forever discharges the other Partner and the Partnership from all claims, liabilities, and obligations arising from the Partnership, except as set forth in this Agreement.

5. Further Assurances

The Partners agree to execute and deliver any documents and take any actions necessary to implement this Agreement fully.

6. Miscellaneous

• This Agreement represents the entire agreement between the Partners concerning the Partnership dissolution.
• This Agreement may only be amended in writing signed by both Partners.
• This Agreement shall be governed by the laws of .