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Property Joint Ventures: How They Work

Put the agreement in writing before you start.

Property Joint Ventures: How They Work Property Investment & Wealth Building

Updated October 2026 · Fraser Bond

Development · Joint ventures

Property joint ventures

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In short: In a property joint venture, partners combine land, money and expertise on a project, for example a landowner contributing a site and a developer delivering planning and construction, sharing the profit. JVs are often run through a special purpose vehicle (SPV) company. The JV agreement should set out contributions, decision-making, how costs overruns are funded, the profit split, deadlock and exit. Take legal and tax advice before signing.

Frequently asked questions

What is an SPV?

A company set up just for the project.

How are profits shared?

As agreed in the JV agreement.

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