Real Estate LLC Operating Agreement Template for India

1. Foreign Investment Provisions: Required when the LLC has or anticipates foreign investors, detailing FEMA compliance and restrictions

2. Development Projects: Include when the LLC will engage in real estate development, covering RERA compliance and project management

3. Property Leasing: Necessary when the LLC's business model includes leasing properties, detailing leasing policies and procedures

4. Financing Arrangements: Include when the LLC plans to use debt financing, detailing procedures for obtaining and managing loans

5. Joint Ventures: Required when the LLC plans to participate in joint ventures with other entities

6. Succession Planning: Important for family-owned real estate LLCs, detailing inheritance and succession procedures

7. Environmental Compliance: Necessary when dealing with properties requiring environmental clearances or compliance

8. Intellectual Property: Include when the LLC owns or uses specific branding or property management software

9. Employee Management: Required when the LLC will have direct employees for property management

1. Schedule A - Member Information: Detailed information about members including contact details, capital contributions, and ownership percentages

2. Schedule B - Property Schedule: List and details of all properties owned or managed by the LLC

3. Schedule C - Initial Capital Contributions: Detailed breakdown of initial capital contributions including property valuations

4. Schedule D - Management Structure: Detailed organizational chart and management responsibilities

5. Schedule E - Fee Structure: Details of management fees, property maintenance fees, and other regular charges

6. Appendix 1 - Property Management Procedures: Detailed procedures for day-to-day property management

7. Appendix 2 - Compliance Checklist: Checklist of regulatory requirements and compliance procedures

8. Appendix 3 - Forms and Notices: Standard forms for member notifications, property transactions, and other regular communications

9. Appendix 4 - Valuation Methodology: Agreed methods for valuing properties and membership interests