Actually, one of my mentors (a real-estate attorney) basically advised me (and others) to plan for the worst, and to draft every partnership or JV with the "break up details" ahead of time.

Can't tell ya how many times I have seen break-ups involving real property go horribly bad.  

Some things you can write in --right of possessionAutomatic extensionDelayed settlement agreement (this one will make you really happy when you understand it)Interest free seller  financing with automatic discountsStudy periods with possession and cash flowVertical break up to discount commercial properties Any off the wall creative clause you can think of that will benefit you - the investorFinancial Freedom is within your reach when you represent yourself and not others -- you are the only client you need!

Why not make that a matter for the kids partying and the city break up the party right then?

The ladies wanted cute little inset or designs in it to break up the monotonyI hope this helps in some way and good luck to you!

thanks a lot, MattHypothetically, if I purchase an investment property (likely turnkey since I cant be in the locale too often to manage) and the lease is for 12 months and we decide to move in right after that yet the tenant wants to renew, does it mean I have to pay a break-up fee?

Control property with a delayed settlement with right of possession Joint venture with the seller, split the profitsFind an Angel Lender, offer less than hard money interest with equity kicker upon saleFriends or family friendly partnershipAssign contract before settlement date (use banking days in offer and built in extension)Use commercial check protection (give yourself a loan)Create a note on other properties and trade for the property subject to sale of noteDo a Tax deferred exchange Sell the property under contract by reserve auction and assignmentEquity loan on your personal resident or other property ownedExchange something you can buy on time in exchange for the property you wantPropose 120% seller financing, receive 20% cash from seller, split profitsShort term lease until renovations are completed with option to buy Vertical Break Up, offer to buy the building and lease the land it sits on Seller Pays Buyer That’s right.

There is always some risk with mingling personal relationships and business but generally a separation or break-up with a partner on a personal level does not relieve you of your legal obligation to perform on your agreement with your seller.

(PLEASE PUT IN THE RIGHT FORUM)I just went through a breakup.

But they'll accept pretty much anything that you can fit in a dumpster so if you can break up items and get them in it's OK.