Investment Property Agreement

Investment Property Agreement

THIS INVESTMENT PROPERTY AGREEMENT (the "Agreement") is entered into as of Effective Date: by and between the parties identified below.

Parties

Recitals

WHEREAS, Owner is the legal owner of the real property described as Property Address: ; and Parcel/Tax ID: (the "Property");

WHEREAS, Investor desires to invest capital and Owner desires to accept investment for the purpose of acquiring, rehabilitating, leasing, managing, or disposing of the Property on the terms set forth herein; and

WHEREAS, the parties intend by this Agreement to set forth their respective rights, duties and obligations with respect to the investment, management and disposition of the Property.

Scope of Work

The Owner shall perform or cause to be performed the work necessary to achieve the investment objectives described below. The scope includes acquisition, capital improvements, leasing, property management, and disposition as specified:

Payment Terms

Total Investment Amount: $

Late Payment: Any undisputed payment not received within days of the due date shall incur a late fee equal to of the overdue amount, and interest thereafter at the lesser of the maximum allowable by law or .

Term and Termination

Term Commencement Date: . Term Expiration Date: .

Either party may terminate this Agreement for material breach by the other party if such breach remains uncured for a period of days following written notice. Termination for convenience by either party requires prior written notice of days.

Confidentiality

"Confidential Information" means non-public business, financial, technical or other information disclosed by one party to the other in connection with this Agreement. Receiving party shall: (a) protect Confidential Information with at least the same degree of care it uses for its own confidential materials but no less than reasonable care; (b) not use Confidential Information except to exercise rights or perform obligations under this Agreement; and (c) not disclose Confidential Information to third parties except to employees, agents or professional advisors who have a need to know and who are bound by confidentiality obligations at least as restrictive as those herein.

Confidentiality obligations shall survive termination for a period of , provided that trade secrets and legally privileged information shall remain protected as required by law.

Representations and Warranties

Each party represents and warrants that it has full authority to enter into this Agreement, that the execution and performance will not violate any agreement or law applicable to it, and that there are no undisclosed liens or encumbrances on the Property other than those disclosed in writing to the other party prior to the Effective Date.

Default and Remedies

Upon uncured default, the non-defaulting party shall be entitled to pursue all remedies at law or in equity, including specific performance, injunctive relief, and recovery of costs and reasonable attorneys' fees. The election of one remedy shall not preclude the election of others.

Governing Law; Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to choice of law principles. Any dispute arising out of or relating to this Agreement shall be resolved by binding arbitration before a single arbitrator, unless the parties mutually agree otherwise in writing.

Insurance and Indemnity

Owner shall maintain insurance customary for properties of similar type and value, including general liability and property insurance naming Investor as an additional insured where applicable. Each party agrees to indemnify, defend and hold harmless the other party from and against claims arising from its breach of this Agreement, negligence or willful misconduct.

Entire Agreement

This Agreement, including the recitals and any exhibits or schedules expressly incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, understandings and negotiations, whether oral or written. This Agreement may only be modified by a written instrument signed by both parties.

Notices

All notices required or permitted hereunder shall be in writing and delivered to the addresses set forth above or to such other address as either party may designate by notice to the other. Notices shall be deemed given when delivered personally, by nationally recognized overnight courier, or three (3) days after mailing by certified mail, return receipt requested.

Miscellaneous

If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall remain in full force and effect. No waiver shall be effective unless in writing and signed by the party granting the waiver.

Sign Now