Management Provision in a 90/10 Real Estate Joint Venture (Co-Managing Members) | Practical Law

Management Provision in a 90/10 Real Estate Joint Venture (Co-Managing Members) | 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, and an investor member, which is the majority member. In these provisions, the members co-manage the joint venture with management of the day-to-day operations of the JV delegated to the operating member. Major decisions require the approval of both members. 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 (Co-Managing Members)

Practical Law Standard Clauses w-004-5482 (Approx. 15 pages)

Management Provision in a 90/10 Real Estate Joint Venture (Co-Managing Members)

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, and an investor member, which is the majority member. In these provisions, the members co-manage the joint venture with management of the day-to-day operations of the JV delegated to the operating member. Major decisions require the approval of both members. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips for both members.