Joint Venture Agreement for Real Property Investment

Summary

This template of a joint venture agreement for real property investment may be used by and between two corporations to invest in real property, with the venture terminating when its properties are sold or on a specified date, whichever is earlier. This template includes practical guidance, drafting notes, and alternate clauses. Under this agreement, one corporation is obligated to lend additional funds needed by the joint venture beyond the parties' initial capital contributions. In return, the lending corporation is given the option of continuing the joint venture beyond the contractual termination date if its loans have not been repaid. For more on joint venture agreements in real estate, see Real Estate Joint Ventures and Real Estate Joint Ventures for Commercial Real Estate Development.