What governs the rights of a tenant in a joint venture arrangement?

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In a joint venture arrangement, the rights of a tenant are primarily governed by the joint venture agreement. This document outlines the roles, responsibilities, and rights of each party involved in the joint venture, including how profits and losses are shared, management responsibilities, and other operational terms.

It specifically addresses the nature of the relationship between the parties and details how decisions are made, which can include provisions related to the tenancy and property use. While partnership agreements and lease agreements can also play a role in outlining specific terms, the overarching framework guiding the relationship in a joint venture context is defined by the joint venture agreement itself.

Wills and testaments are not relevant in this scenario, as they pertain to the distribution of assets upon an individual's death, rather than to the operational aspects of a joint venture, including tenant rights and responsibilities.

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