Share Agreement Contract For Loan In Phoenix

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

Description

The Share Agreement Contract for Loan in Phoenix is a formal document outlining the partnership between two investors, Alpha and Beta, in acquiring residential property. This agreement specifies the purchase price, down payment commitments, loan terms, and the distribution of expenses, including escrow costs. It establishes that both parties hold title to the property as tenants in common, with provisions for occupancy and maintenance responsibilities. A key feature is the formation of an equity-sharing venture, allowing Alpha and Beta to benefit from property value appreciation. The agreement addresses the process for lending additional funds, managing proceeds from property sales, and agreements on the distribution of profits. Notably, it ensures that, in the event of a party's death, the partnership's intentions are respected in the valuation and division of assets. This contract is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, as it provides clarity on financial contributions, legal responsibilities, and dispute resolution through mandatory arbitration.