EXAMPLE

To keep things simple and legal we will define who each person or party is and the meaning of some words in the Joint Venture Agreement.

1. Joint Venture Agreement Is a legal document explaining the duties and the rights of the Developer and the Co- Developer.

2. Developer Is considered as The Century 22 Investment Group Is also considered as the borrower and the working partner.

3. Co- Developer Is considered the financial assistant, lending partner or investor and is not a working partner. The Co- Developer can be an individual or a corporation.

4. Collateral Is the real estate purchased by The Century 22 Investment Group for the purpose to secure the Co- Developer who is the financial assistant.

5. Profit Is the profit or money made in (1) one year and or (12) twelve consecutive months; and paid to the Co- Developer for the money the Co- Developer loans to The Century 22 Investment Group.

6. Term Is the length of time the Joint Venture Agreement, made by and between the Developer and Co- Developer.


Note: The Joint Venture Agreement may have more than one Co- Developer in it. This will be based on the dollar amount loaned to The Century 22 Investment Group and also on an individual bases with the Co- Developer.
           The investor will have the opportunity to read through the Joint Venture Agreement, at the first scheduled appointment with The Century 22 Investment Group.

The example below is based on one or more Co- Developers loaning $200,000.00 total to The Century 22 Investment Group. For a term of (1) one year, with the minimum profit being made and the sharing of the profits made from each sale of the single family homes.

(For the Co-Developer with a minimum of $1,000.00 to invest, please click here.)

Developer - working partner  
Co-Developer - one or more lending partners  
Amount Loaned to The Century 22 Investment Group $200,000.00
Term - For (1) one year  
Collateral - Real Estate, single family home(s) or land;
Commercial - Buildings or land
25% + equity spread
Profit - on the $200,000.00 for (1) year or (12) twelve
consecutive months equals
$ 10,000.00 equivalent to 5%
Profit - 40% of the profits made from the total sales
for (1) year or (12) consecutive months
Plus 40% of the profits

Frequently Asked Questions and answers, click here.


Notes:
Loan amounts, terms and profits are discussed privately and individually between the potential Co- Developer and The Century 22 Investment Group. All potential Co- Developers are welcome to have legal representation at the Co- Developer's own expense.

Term is a minimum of (1) one year or (12) twelve consecutive months.

Renewal of a Joint Venture Agreement is based on both the Developer and Co- Developer agreeing to renew and agreeing to any new terms to the Joint Venture Agreement.

Early Termination of a Joint Venture Agreement by the Co- Developer requires the Co- Developer to give the Developer a (60) sixty day written notice; and the written notice needs to be signed by both the Developer and Co- Developer for approval.

Exit Strategy The Century 22 Investment Group may sell a specific property to; the buyer living in the specific property or to a third party, and or mortgage the specific property. In the event of either scenario the proceeds of the sale or mortgage will go to paying the Co- Developer or Co- Developers in full, including any profits owed.

The Century 22 Investment Group reserves the rights to sell any specific property at any time to; the buyer living in the specific property or to a third party, or mortgage the specific property; with the understanding that the proceeds from either scenario will be redistributed back into the escrow account to be used again to purchase and close on another property in a reasonable time frame and for the purpose of producing a profit on the Co- Developer(s) funds in the escrow account. This would be handled and verified by the Escrow Company and Escrow Agent, since they will be handling the closing on the specific property.

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