Sample Joint Venture Agreement Real Estate

A joint venture agreement in real estate is a partnership between two or more entities to develop or manage a property. This type of agreement allows each party to leverage their strengths and resources while sharing the risks and rewards of the investment.

If you are considering entering a joint venture for a real estate project, having a well-drafted agreement is crucial to ensure that both parties are on the same page and that the venture is set up for success. Let`s take a look at a sample joint venture agreement for real estate and its key elements.


The agreement should start with a brief introduction of the parties involved, their roles and objectives for the venture. This section should also define the scope of the agreement and the duration of the venture.

Capital Contributions:

This section lays out the financial obligations of each party, including the amount of money, assets or services contributed to the venture. It should also include provisions on how the capital will be allocated, managed, and returned to the parties.

Ownership and Profit Sharing:

The agreement should outline how ownership will be divided between the parties, including the distribution of profits and losses. This section should also cover how decision-making and management responsibilities will be shared, including the nomination and removal of managers.

Exit Strategy:

An exit strategy is essential in any joint venture agreement. This section should specify the events or circumstances triggering the termination of the venture, the procedure for distribution of assets, and any conditions for the sale of the property.

Risk Allocation:

Real estate ventures involve various risks, and this section should enumerate those risks and detail how they will be allocated between the parties. It should also cover liability and indemnification provisions to limit or shift risks.

Dispute Resolution:

Disputes are inevitable in any partnership, and the agreement should include a clear procedure for resolving disputes among the parties. This may include mediation, arbitration, or litigation.


Confidentiality provisions are crucial in protecting sensitive information related to the venture. This section should specify what information is considered confidential, the circumstances under which it can be disclosed, and remedies for breach of confidentiality.


In conclusion, a joint venture agreement in real estate is an important legal document that outlines the terms and conditions of a partnership. A well-drafted agreement can protect both parties` interests, minimize disputes, and set the foundation for a successful venture. It is recommended that parties seek legal advice before entering into any joint venture agreement.