A tenancy agreement template is not universally perfect for everyone. You have the responsibility to make sure that it fits your needs. From the drafting to the alterations, you can seek professional help if you are not sure of what you are doing. There are people who specialize in giving counsel regarding tenancy agreements. Although you can go directly to lawyers, often times they are expensive that consultants. If you can afford their services, then by all means utilize their service. If not, there are hundreds of legal consultants out there. This will prevent you from making mistakes in preparing as well as setting the agreement. Preventing such mistake will also prevent the agreement to be deemed invalid by the legal court's if such case arises.
Profit Division_ The financial aspect of a business is often the root of all issues. Before going into the commitment, clearly define the profit sharing process and percentage of all parties. This may be based on what each partner will bring into the table_ skills, finance, or other wise.