Management Provision in a 90/10 Real Estate Joint Venture (Operating Member Manager Subject to Executive Committee or Board of Managers Approval) | Practical Law

Management Provision in a 90/10 Real Estate Joint Venture (Operating Member Manager Subject to Executive Committee or Board of Managers Approval) | Practical Law

Management provisions that can be used in an operating agreement for a real estate joint venture formed between an operating member, which is the minority member who will manage the day-to-day operations of the joint venture, and an investor member, which is the majority member. In them, a board of managers approves major decisions of the joint venture. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips for both members.

Management Provision in a 90/10 Real Estate Joint Venture (Operating Member Manager Subject to Executive Committee or Board of Managers Approval)

by Practical Law Real Estate
Maintained • USA (National/Federal)
Management provisions that can be used in an operating agreement for a real estate joint venture formed between an operating member, which is the minority member who will manage the day-to-day operations of the joint venture, and an investor member, which is the majority member. In them, a board of managers approves major decisions of the joint venture. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips for both members.