Transfer of Membership Interest in a 90/10 Real Estate Joint Venture (Base Provision) | Practical Law

Transfer of Membership Interest in a 90/10 Real Estate Joint Venture (Base Provision) | Practical Law

A typical transfer of membership interest provision for use in a limited liability company (LLC) operating agreement for a real estate joint venture formed between two members with a 90/10 interest split. In this Standard Clause, transfers of interests are generally restricted, requiring consent of the parties, with some specified situations permitting transfers without consent. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

Transfer of Membership Interest in a 90/10 Real Estate Joint Venture (Base Provision)

Practical Law Standard Clauses w-002-2111 (Approx. 16 pages)

Transfer of Membership Interest in a 90/10 Real Estate Joint Venture (Base Provision)

by Practical Law Real Estate
Maintained • USA (National/Federal)
A typical transfer of membership interest provision for use in a limited liability company (LLC) operating agreement for a real estate joint venture formed between two members with a 90/10 interest split. In this Standard Clause, transfers of interests are generally restricted, requiring consent of the parties, with some specified situations permitting transfers without consent. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.