Agreement For Equity In Montgomery

State:
Multi-State
County:
Montgomery
Control #:
US-00036DR
Format:
Word; 
Rich Text
Instant download

Description

The Agreement for Equity in Montgomery is a legal document designed for two parties, referred to as Alpha and Beta, who are entering an investment partnership to purchase residential property. This agreement outlines the purchase details, including the purchase price, down payments, and loan terms. It establishes an equity-sharing venture, detailing the financial contributions from both parties, the distribution of proceeds upon sale, and responsibilities for maintenance and utilities. Notably, it includes provisions for occupancy, handling debts and appraisals, and addressing situations like death or assignment of interests. This form is particularly useful for attorneys who need a clear framework for property investment agreements, partners and owners seeking to formalize equity-sharing arrangements, as well as associates, paralegals, and legal assistants who support the drafting and execution of such agreements. The clarity of the instructions and structure makes it accessible for users with varying degrees of legal experience.
Free preview
  • Preview Equity Share Agreement
  • Preview Equity Share Agreement
  • Preview Equity Share Agreement
  • Preview Equity Share Agreement
  • Preview Equity Share Agreement

Form popularity

FAQ

Households may qualify for the MPDU program if they earn between $40,000 and $68,000 annually, depending on household size and whether the household wants to rent or to own.

EUSP helps income-eligible homeowners or renters in Maryland who meet income requirements AND have an electric utility bill in their name. The amount of assistance is determined through the Office of Home Energy Programs, part of the Montgomery County Department of Health & Human Services.

Funded by the Montgomery County Department of Housing and Community Affairs (DHCA) and administered by HOC, RSP provides rental assistance to low-income Montgomery County residents whose gross household income (GHI) falls between 20-40% of Area Median Income (AMI) and are vulnerable to paying more than 30% of total ...

MPDU Program - General. Moderately Priced Dwelling Units (MPDUs) are affordably priced homes – both new and resale – offered to first-time homebuyers who have a moderate level of household income. The Montgomery County MPDU Program was one of the first successfully implemented inclusionary zoning program in the country ...

Renewing MPDU Tenants: Household SizeGarden ApartmentsHigh Rise Apartments (5 stories or more) New Tenants New Tenants Maximum Household Income Maximum Household Income 1 $70,500 $76,000 2 $80,500 $86,5004 more rows

Households may qualify for the MPDU program if they earn between $40,000 and $68,000 annually, depending on household size and whether the household wants to rent or to own.

Renewing MPDU Tenants: Household SizeGarden ApartmentsHigh Rise Apartments (5 stories or more) New Tenants New Tenants Maximum Household Income Maximum Household Income 1 $70,500 $76,000 2 $80,500 $86,5004 more rows

MPDU Program - General. Moderately Priced Dwelling Units (MPDUs) are affordably priced homes – both new and resale – offered to first-time homebuyers who have a moderate level of household income. The Montgomery County MPDU Program was one of the first successfully implemented inclusionary zoning program in the country ...

The MPDU program markets units to renters and first-time home buyers with incomes up to 70 percent of the Washington Metro Area Median Income (AMI), which is approximately $79,500 for a family of two or $99,500 for a family of four.

Effective on October 31, 2018, planning areas where 45% of the United States Census tracts have a median income of 150% of Montgomery County's median income will have a legal requirement to provide 15% MPDUs. View a map of the planning areas with a legal requirement for 15%.

Trusted and secure by over 3 million people of the world’s leading companies

Agreement For Equity In Montgomery