Active Real Estate Partnership Agreement

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

ACTIVE REAL ESTATE PARTNERSHIP AGREEMENT

This Active Real Estate Partnership Agreement (the "Agreement") is made and entered into this {{date}} by and among the undersigned parties (each a "Partner" and collectively the "Partners").

1. Partnership Name and Purpose

The name of the partnership shall be {{partnership_name}} (the "Partnership").

The purpose of the Partnership is to engage in the acquisition, development, management, leasing, and sale of real property as a joint venture, with an initial focus on the property located at {{property_address}} (the "Property").

2. Duration of Partnership

The Partnership shall commence on the Effective Date of this Agreement and shall continue until {{termination_date}} or until dissolved earlier in accordance with the provisions of this Agreement.

3. Capital Contributions

Each Partner shall contribute capital to the Partnership as follows:

Partner Name: {{partner_1_name}}, Contribution: {{partner_1_contribution_amount}} ({{partner_1_contribution_type}})

Partner Name: {{partner_2_name}}, Contribution: {{partner_2_contribution_amount}} ({{partner_2_contribution_type}})

Additional capital contributions may be required as mutually agreed upon by all Partners. Failure to meet a capital call may result in dilution of ownership interest as outlined in Section 7.

4. Profit and Loss Sharing

Net profits and losses of the Partnership shall be allocated among the Partners in the following percentages:

Partner Name: {{partner_1_name}}, Profit/Loss Share: {{partner_1_profit_loss_share}}%

Partner Name: {{partner_2_name}}, Profit/Loss Share: {{partner_2_profit_loss_share}}%

Distributions of profits shall be made {{distribution_frequency}} or as otherwise agreed upon by the Partners.

5. Management and Responsibilities

The Partners shall actively participate in the management of the Partnership. Decisions requiring unanimous consent include {{unanimous_decision_examples}}.

Decisions requiring majority consent include {{majority_decision_examples}}.

Specific responsibilities shall be allocated as follows:

Partner Name: {{partner_1_name}}, Responsibilities: {{partner_1_responsibilities}}

Partner Name: {{partner_2_name}}, Responsibilities: {{partner_2_responsibilities}}

6. Bank Accounts and Records

All funds of the Partnership shall be deposited in a joint bank account requiring at least {{number_of_signatures}} signatures for withdrawal.

Accurate books and records of account shall be maintained at {{records_location}} and shall be open for inspection by any Partner at reasonable times.

7. Dissolution of Partnership

The Partnership may be dissolved by the mutual written agreement of all Partners, or upon the occurrence of {{dissolution_event}}.

Upon dissolution, the assets of the Partnership shall be liquidated, and the proceeds distributed in the following order: (i) to satisfy debts of the Partnership, (ii) to repay capital contributions, and (iii) to the Partners in accordance with their profit-sharing percentages.

Signature Block

IN WITNESS WHEREOF, the parties have executed this Active Real Estate Partnership Agreement as of the date first written above.

_____________________________

{{partner_1_name}}

{{partner_1_id_number}}

_____________________________

{{partner_2_name}}

{{partner_2_id_number}}

Date: {{date}}

Witnessed By: _____________________________

Witness Name: {{witness_name}}