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Alberta Land Development Partnership Agreement

Set up a partnership to develop and build a commercial office and retail project in Alberta with this Land Development Partnership Agreement.

The parties to the Agreement are the owner of the land to be developed, and a managing partner (the Operator) who will be lending money to the project. Provisions of the agreement include:
  • additional partners may be brought on if deemed necessary by the parties;
  • apportionment of revenues and expenses between the parties;
  • Operator will advance sufficient funds to the partnership which will be lent to the owner interest-free for demolition and to secure surrender of existing leases;
  • details of Operator's compensation for managing development, construction and completion of the project;
  • procedure for advances made to the partnership by a partner;
  • buy-sell provisions which give the other partners a right of first refusal to purchase the interest of a departing partner;
  • disposal of partnership assets on termination or dissolution.
This Alberta Land Development Partnership Agreement is provided in MS Word format and is fully editable.

Download: Alberta Land Development Partnership Agreement

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