Creating a Residential Property Investment Agreement template involves outlining the terms and conditions of an investment in a residential property. This document is a legal contract between parties, typically the investor(s) and the property owner or a real estate company. Here’s a detailed template:

Document Title: Residential Property Investment Agreement

Parties Involved:

• Investor: [Investor’s Name], [Address]
• Property Owner/Company: [Owner/Company’s Name], [Address]

Recitals:

• Description of the parties involved.
• Purpose of the agreement.
• Description of the property in question.

1. Agreement to Invest:

• The investor agrees to provide [amount in dollars] for the investment in the residential property at [property address].
• Details of the property include size, type, and key features.

2. Term of Agreement:

• Start date and duration of the agreement.
• Conditions under which the agreement may be renewed or terminated

3. Purpose of Investment:

• Outline whether the investment is for rental income, property flipping, or long-term appreciation.

4. Distribution of Profits and Losses:

• How will profits from rental income or sales be distributed?
• How losses, if any, will be handled.

5. Investor’s Contribution:

• Details of the investor’s financial contribution
• Any non-monetary contributions, such as services or expertise.

6. Management of the Property:

• Who will be responsible for managing the property?
• Scope of management responsibilities, including maintenance, tenant relations, and financial management.

7. Financial Reporting:

• Frequency and format of financial reporting to the investor.
• Access to financial records and accounts related to the property.

8. Compliance with laws:

• Agreement to adhere to all applicable laws and regulations.
• Responsibility for obtaining necessary permits and licenses.

9. Liability and Insurance:

• Liability clauses in cases of damages or legal issues
• Insurance requirements for the property.

10. Dispute Resolution:

• Methods for resolving disputes, such as mediation or arbitration,

11. Amendments and Waivers:

• Conditions under which the agreement can be amended.
• Process for waiving any clauses of the agreement.

12. Governing Law:

• The state or jurisdiction whose laws will govern the agreement

Signatures:

• space for signatures of both parties, with a date.

Attachments:

Any relevant attachments include property details, inspection reports, or additional agreements.