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in this video Ill explain what a subscription agreement is in your obligations the subscription agreement is a document but more importantly its an agreement that is a promise by the LLC that owns the property to sell a specific number of shares to The Limited partner at a specified price and a promise by that limited partner to pay that price so while no money has changed hands at this point when you sign this subscription agreement youve entered into a contract and should be fully prepared to invest when the capital call is made this is another document that is very important to read from A to Z and have your legal advisor read as well if you found this helpful please check out our other videos for more information on Concepts youll hear about on a regular basis and please consider subscribing all of these definitions can be found at the limitedpartner.com forward slash lingo
