Real Estate LLC Operating Agreement Template for Germany

1. Real Estate Investment Committee: For larger LLCs, establishes a committee to approve major property decisions

2. Property Management Guidelines: Detailed procedures for property management if the LLC manages properties directly

3. Development Projects: Specific provisions for real estate development activities if applicable

4. Financing Arrangements: Procedures for obtaining and managing external financing

5. Environmental Compliance: Special provisions for environmental requirements and liability

6. Succession Planning: Procedures for handling succession of shareholders or management

7. Conflict Resolution: Alternative dispute resolution procedures before court litigation

8. Related Party Transactions: Procedures for handling transactions with related parties or shareholders

1. Schedule A - Initial Members and Capital Contributions: Detailed list of members and their initial contributions

2. Schedule B - Property Schedule: List of real estate assets owned or managed by the LLC

3. Schedule C - Management Structure: Organizational chart and management responsibilities

4. Schedule D - Business Plan: Initial business plan and investment strategy

5. Schedule E - Valuation Methodology: Agreed methods for valuing real estate assets and company shares

6. Appendix 1 - Property Management Procedures: Detailed procedures for property management and maintenance

7. Appendix 2 - Due Diligence Requirements: Checklist and procedures for property acquisition

8. Appendix 3 - Reporting Templates: Standard forms for financial and operational reporting