¶¶Òõ¶ÌÊÓƵ

1. Property Management Company: Details of external management company if one is appointed - used when professional management is required

2. Insurance: Specific insurance requirements and cost sharing - particularly important for high-value assets

3. Tax Matters: Detailed tax handling and reporting requirements - needed for complex ownership structures

4. Refinancing Provisions: Rules for handling refinancing of any associated debt - relevant if property is mortgaged

5. Guest Usage: Rules for allowing non-owners to use the property - relevant for vacation properties

6. Maintenance Reserve: Structure for maintaining a reserve fund - important for assets requiring significant maintenance

7. Exit Strategy: Detailed procedures for collective sale or dissolution - important for long-term investments

1. Schedule A - Property Description: Detailed description of the property or asset, including legal documentation and photographs

2. Schedule B - Ownership Allocation: Detailed breakdown of ownership percentages and any special rights

3. Schedule C - Financial Contributions: Initial and ongoing financial obligations of each owner

4. Schedule D - Usage Schedule: Detailed scheduling system for shared usage

5. Schedule E - Management Procedures: Detailed operational procedures and management guidelines

6. Schedule F - Maintenance Standards: Required maintenance standards and procedures

7. Appendix 1 - Property Documents: Copies of relevant property documentation, certificates, and permits

8. Appendix 2 - Initial Condition Report: Baseline condition assessment of the property or asset