Real Estate Joint Agreement

REAL ESTATE JOINT AGREEMENT

This Real Estate Joint Agreement (the Agreement) is entered into as of by and between the parties identified below for the acquisition, ownership, management and disposition of the property described in Section 2.

1. Parties

2. Property Identification

3. Ownership Interests

The parties agree that title to the Property, upon acquisition, shall be held as tenants in common with the following ownership percentages:

4. Acquisition and Financial Terms

Purchase Price: $    Earnest Money: $

Each party's initial capital contribution toward the Purchase Price and Closing Costs shall be as follows:

5. Management, Use and Occupancy

The parties shall cooperate in the management of the Property. Routine decisions shall require mutual written consent. For emergency repairs or expenses necessary to avoid imminent loss, either Co-Owner may act unilaterally but shall notify the other Co-Owner promptly and provide accountings of expenditures.

6. Expenses, Taxes and Insurance

All recurring expenses including property taxes, insurance premiums, mortgage payments, utilities and routine maintenance shall be borne by the parties in proportion to their ownership interests unless otherwise agreed in writing.

7. Improvements, Repairs and Capital Expenditures

Material improvements or capital expenditures in excess of $ shall require prior mutual written approval. Routine repairs may be performed without prior consent but must be reported promptly with receipts.

8. Rental Income and Distribution

Revenues generated from the Property shall be deposited into the operating account and distributed to Co-Owners in proportion to their ownership interests after deduction of expenses, reserves, and agreed distributions.

9. Transfer, Sale and Right of First Refusal

No Co-Owner shall sell, transfer, encumber or otherwise dispose of its interest in the Property without first offering it to the other Co-Owner on the same terms (Right of First Refusal). If the other Co-Owner declines in writing within days, the selling Co-Owner may proceed with the transfer subject to the transferee's agreement to be bound by this Agreement.

10. Default and Remedies

If a Co-Owner fails to perform a material obligation under this Agreement, including failure to make required contributions, the non-defaulting Co-Owner may:

1. Provide written notice and a 30-day opportunity to cure;
2. Seek specific performance, damages, or an accounting; and
3. If the default remains uncured, initiate a forced sale or buyout consistent with the Buyout Valuation Method in Section 9.

11. Disclosures

The parties acknowledge the following conditions as of the Effective Date:

Lead-based paint present: Yes No

Known mold or water intrusion issues: Yes No

Prior material damage or structural defects: Yes No

12. Dispute Resolution

The parties agree to seek resolution of disputes arising under this Agreement by negotiation in good faith. If unresolved within 30 days, disputes shall be submitted to binding arbitration before a single neutral arbitrator in accordance with the parties' chosen arbitration rules, and judgment upon the award may be entered in any court of competent jurisdiction.

13. Governing Law; Miscellaneous

This Agreement shall be governed by and construed in accordance with the laws of the state where the Property is located. This Agreement contains the entire understanding between the parties and supersedes all prior agreements. Any amendment must be in writing and signed by both parties. If any provision is held invalid, the remaining provisions shall continue in full force and effect.

14. Notices

All notices required or permitted under this Agreement shall be in writing and delivered personally or sent by certified mail or overnight courier to the addresses set forth in Section 1 or to such other address as a party designates in writing.

15. Representations and Warranties

Each party represents and warrants that it has full authority to enter into this Agreement, that execution and performance will not violate any other agreement, and that the information provided in this Agreement is true and correct to the best of the party's knowledge.

Acknowledgment

By signing below, each party acknowledges that they have read, understand and accept the terms and conditions of this Agreement and that they have had the opportunity to seek independent legal advice.

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