REAL ESTATE JOINT VENTURES

Representing Developers, Investors and Entrepreneurs

Real estate joint ventures combine a developer’s knowledge and abilities with an investor’s capital – enabling both to take on projects that neither could do alone.

As with any business partnership, the parties to a real estate joint venture should make clear at the outset what the duties and rights of each party will be. Doing so minimizes the risk of disputes and reduces the costs of resolving them if they do.

Dilendorf & Khurdayan has the knowledge and experience needed to guide the parties in structuring and formalizing their real estate joint ventures in New York. Our services include assistance at every stage in the joint venture relationship, starting with choosing the right business entity and creating an effective joint venture agreement.

Choosing the Right Business Entity for a Real Estate Joint Venture

A real estate joint venture is typically organized as a general partnership, limited partnership or limited liability company.  Each type of entity has its own advantages and disadvantages. Which one is ideal for any given joint venture depends on the nature of the joint venture and the parties’ circumstances.

Our firm pays close attention to these details in recommending and forming the best business entity for any real estate joint venture.

Creating an Effective Joint Venture Agreement

The key to a good joint venture relationship is a good joint venture agreement. This agreement, which may take the form of a partnership agreement or a limited liability company operating agreement, defines what each party to the joint venture will do, and how the profits and other benefits of the joint venture will be divided between them.

Because the joint venture agreement governs the relationship of the parties, it must be carefully crafted to ensure that it satisfies their expectations and accurately reflects their deal.

We bring our years of experience in drafting and reviewing real estate contracts of all kinds to drafting joint venture agreements that meet those requirements.