Joint Venture Agreement Template UK Property — Free Download

Property joint ventures are one of the most effective ways for investors to scale their portfolio — combining one party's capital with another's time, skills, or deal flow. But informal JV arrangements, where the terms are agreed verbally or via a WhatsApp message, are a significant source of disputes in the UK property investment community. Without a written agreement, each party's recollection of what was agreed can diverge dramatically over time.

This joint venture agreement template for UK property provides a clear, enforceable framework for any JV between two or more parties. It covers the equity split, how the property will be managed on a day-to-day basis, the process for making major decisions (including what happens when the parties disagree), and — critically — what happens when one party wants to exit. The agreement is written in plain English, structured for England and Wales law, and includes a schedule for recording the specific property details, capital contributions, and agreed equity percentages.

It is designed to protect both parties equally — not to favour the capital investor or the active party. The goal is to create a document that both parties have read, understood, and signed before money changes hands.

• Party details and capital contributions — names, addresses, and the exact cash amount each party is contributing to the project
• Equity split — the percentage of any profit (or loss) attributable to each party, and whether the split applies to income, capital gain, or both
• Property management responsibilities — which party is responsible for day-to-day management, tenant liaison, maintenance decisions below a threshold amount, and accounts
• Major decision-making process — how decisions above a certain value are made, what requires unanimous consent, and what happens if the parties cannot agree (dispute resolution mechanism)
• Minimum hold period — an agreed period during which neither party may force a sale or exit (typically 12–36 months)
• Exit mechanism and right of first refusal — process for one party buying the other out at an independent RICS valuation, with a time-limited right of first refusal before the property is offered for open market sale
• Income distribution — how and when rental income is split and distributed between the parties
• Costs and expenses — agreement on which costs are shared (mortgage, insurance, maintenance) and who pays them initially
• Death or incapacity clause — what happens to a party's interest if they die or become incapacitated during the JV term
• Governing law and jurisdiction — England and Wales

Any two or more people investing in UK property together should have a written joint venture agreement before committing funds. This includes:

• Investor + active partner arrangements — where one party provides capital and the other finds, manages, and develops the deal
• Family members investing together — disputes between family members who have invested together without documentation are particularly common and damaging
• Friends or colleagues co-investing — even the best relationships benefit from written clarity on financial expectations and exit rights
• Deal sourcers and investors — where a deal sourcer is bringing equity to a deal alongside an investor's cash, rather than being paid a flat finders fee

This template is provided by PropertyAlert (Eightfinity Ltd) for general guidance only. It does not constitute legal advice. Property joint ventures can have significant tax, legal, and regulatory implications — including SDLT, capital gains tax, and financial promotion rules if funds are being raised from third parties. Both parties are strongly advised to seek independent legal and tax advice from qualified professionals before signing. PropertyAlert (Eightfinity Ltd) accepts no liability for any loss, claim, or dispute arising from use of this document.

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