Equity Forward Agreement In King

• Category: Real Estate - Contracts - Equity
• State: Multi-State
• County: King
• Control #: US-00036DR
• Format: Word; Rich Text

Description

The Equity Forward Agreement in King is a legal document that outlines the terms and conditions for a partnership between two investors, referred to as Alpha and Beta, in the purchase and ownership of a residential property. Key features of this agreement include the specification of the purchase price, down payment contributions from both parties, and the financing details through a financial institution. The document establishes an equity-sharing venture where both investors contribute to the capital and benefit from appreciation or depreciation in property value. It details the responsibilities of each party, including maintenance, utility payments, and the distribution of proceeds upon sale of the property. The form also addresses the implications of death for either party, the governing law, mandatory arbitration for disputes, and the necessity for any modifications to be in writing. This agreement is vital for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for co-investment in real estate, ensuring that both parties understand their rights, obligations, and financial stakes.