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  • New Members

    Joint Ventures

    Hi there,

    I am a new to property and I am thinking of pulling monies together with friends towards a joint venture.

    Now, I have no issues with working with my friends, however, is there any advice in terms of setting a strategies and legal contracts in place to safeguard each other in this joint venture.

    Is there any resources or reading to help better my knowledge in this area?

    Many thanks

    AB

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    Welcome and yes definately worth spending time and effort on safe guarding, there is plenty of threads on here about it and feel free to give me a buzz as I know quite a bit about it.

    most of the time its the big points like who is responsible for what, what is the profit share, what happens if it makes a loss, who has what level of authority to make decisions throughout and selling at the end. Everyone doing any work for the property in the JV should not have a conflict of interest and be acting in the best interests of the property.


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    regards Andrew Peers - property investor / sourcer - 07912674181

    a.peers@seamlessproperty.co.uk

    Property Redress Scheme Number 011436     NLA member 174404