Unit Trust  Unitholders agreement to purchase and develop property-UNIT 6
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Unitholders agreement to purchase and develop property-UNIT 6
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Price:
$330.00
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This is a very comprehensive and substantial document designed to cater for as many issues as can be contemplated in buying and developing property by a number of people/entities.
Question: when would I require this document?
Answer: as an alternative to developing a property in a joint-venture, partnership or through a company, purchasers may decide to band together in a unit trust and as unitholders acquire the property. This document allows the unit trust to be managed by a trustee company and each unitholder will participate in the trustee company.
Question: in what proportions are the shares/units held ?
Answer: ultimately the units and shares are held in the same proportions. These reflect the way the expenses and the profit will be shared between the unitholders.
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