There are situations when more than one party is interested in the ownership of a single property. In such situations, an equity sharing agreement is drafted. This agreement sample gives the right to ownership of the property two or more parties. The involved parties share the ownership among them where the downpayment is made by one or more investors. The individual who inhabits the home is supposed to pay the monthly expenses.
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5 Steps to Make a Real Estate Equity Share Agreement
Step 1: Mention the Details of the Parties
Before you can start making the real estate agreement, you first need to talk and discuss it with all the involved parties. All of them should agree to make the contract and should be aware of the details of such a contract. Once this has been completed, you can move on to make the agreement. The first thing you need to include in the agreement is the title of the document such as ‘Real Estate Equity Share Agreement’. This should be followed by details of the parties involved in the agreement. Such an agreement generally includes more than two parties. The names, addresses, and full contact details of the parties.
Step 2: Mention the Details of the Property
After you have inserted all the details of the involved parties, you need to provide the details of the property in the next section. This property is the one in which all the parties are interested in sharing ownership. The mandatory details of the property that is to be included are the name or title of the property, the location, the number of units, the type of property, and the name, address, and contact details of the original owner.
Step 3: Provide the Valuation and Equity Split Clause
The valuation of the property refers to the current market price of the property. This amount is important to be included as generally the market price of the property decreases after the property has been bought once. The equity split clause is the most important clause of the agreement. This clause determines how many shares each party will be getting. According to the preference of the parties, the equity amount can be negotiated and then decided upon. Once these elements are ready, you need to input them in the agreement.
Step 4: Mention the Earnest Money and the Purchase Price
The purchase price of the property is the credit amount that the original owner of the estate had paid when the property had been bought. If the property does not have a previous owner, the purchase price will that price that the involved parties pay to buy the property. The earnest money is inclusive of the purchase price. It is the amount paid by the parties to show the seller that they are serious about buying the property.
Step 5: Provide a Non-Compete Clause
The last clause that needs to be included in the agreement is the non-compete clause. This clause is put in place for the benefit of the parties buying the property. Such a clause states that the property will only be owned by the people signing the agreement. The ownership cannot be delegated to any other third party. This clause also states the consequences that will be faced by the party who suddenly decides to back away from the agreement.
4. Real Estate Equity Share Agreement Template
An equity share agreement divides the ownership of the property among the interested parties. Several circumstances can lead a person to enter into an equity share agreement for the available property. However, no matter what your reason is, our agreement template can be of great help to you. This template can assist you in making the require equity share agreement for your property.
5. Property Equity Share Agreement Template
You are interested in a new property in the country. However, so is two other parties. So what do you do? Give up the property? No! You need to enter into an equity share agreement that you can make easily with the help of this professional agreement template. This agreement will ensure that all three parties have equal ownership of the property.
6. Simple Property Equity Share Agreement
A real estate equity share agreement is a quite complicated document. So what if we say that we can make the task as well as the agreement simpler for you? If you wondering how this will be done, our simple agreement template is the answer. With this template, you will be able to make simple such agreements that are suited to the needs of you and the other interested parties.
7. Basic Real Estate Equity Share Agreement
With this basic real estate equity share agreement template, you can get access to a file containing a sample equity share agreement. This template features original and suggestive headings and content written by professional writers. The template is the perfect guide to making such an agreement easily and efficiently. The template can be downloaded in PDF format.
8. Real Estate Equity Share Agreement Example
Are you a rookie at making equity share agreements for real estate? Then we suggest that you take a look at this agreement example template that we are providing before you start work on yours. This editable template comes with an example of a real estate equity share agreement that you can use as the perfect road map to making yours.
9. Real Estate Equity Share Agreement
A real estate equity share agreement is drafted when more than two parties are interested in the same property. And this agreement template is here to help you exactly with this task. You can make proper equity share agreements if you just make use of this template. This template is available to be downloaded in DOC format.
10. Property Equity Share Purchase Agreement
Imagine: you are in a situation where you want to buy the same property that has offers by two more parties. The only solution to this problem is to draft an equity share agreement where you share the ownership of the property with the other two parties. To help you make this agreement, we are providing you this agreement template. This template is fully editable and printable.