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Real Estate Operating Agreement LLC
"Need a Real Estate Operating Agreement LLC for a new Singapore property management venture with tHRee founding members, focusing on commercial real estate, with specific provisions for quarterly profit distributions and a detailed property acquisition approval process."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the operating agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Company Formation: Details of LLC structure and initial setup
5. Management Structure: Roles, responsibilities, and decision-making processes
6. Capital Contributions: Initial and ongoing financial commitments
7. Profit and Loss Distribution: How financial returns will be shared
8. Operations: Day-to-day management of real estate activities
1. Additional Capital Contributions: Procedures for requesting additional capital when future capital calls are anticipated
2. Buy-Sell Provisions: Procedures for ownership transfers when transfer restrictions are needed
3. Property Management: Specific property management duties when company manages properties directly
1. Schedule A - Property Details: List and details of properties owned/managed
2. Schedule B - Initial Capital Contributions: Detailed breakdown of members' initial investments
3. Schedule C - Management Structure: Organizational chart and reporting lines
4. Appendix 1 - Property Management Procedures: Standard operating procedures for property management
5. Appendix 2 - Financial Reporting Templates: Standard formats for financial reporting
Authors
Articles of Organization
Available Cash Flow
Business Day
Capital Account
Capital Contribution
Company
Company Property
Defaulting Member
Distributable Cash
Effective Date
Fiscal Year
Governing Law
Initial Capital Contribution
LLC
Managing Member
Member
Membership Interest
Net Income
Net Loss
Operating Expenses
Percentage Interest
Permitted Transfer
Property
Property Management Agreement
Property Manager
Real Estate Assets
Regulatory Approvals
Related Party
Required Consent
SGD
Singapore
Transfer
Unanimous Consent
Voting Interest
Capital Contributions
Membership Interests
Management and Control
Voting Rights
Property Management
Financial Matters
Distributions
Transfer Restrictions
Buy-Sell Provisions
Books and Records
Tax Matters
Confidentiality
Non-Competition
Indemnification
Insurance
Default and Remedies
Dissolution and Termination
Dispute Resolution
Force Majeure
Amendments
Assignment
Notices
Governing Law
Severability
Entire Agreement
Further Assurance
Waiver
Costs
Third Party Rights
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