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Mou For Property Sharing
"Need a MOU for Property Sharing agreement between three tech startups to share a commercial office space in Auckland CBD, with flexible usage arrangements and clear cost-sharing provisions, starting from March 2025."
1. Parties: Identification and details of all parties involved in the property sharing arrangement
2. Background: Context of the arrangement and relationship between the parties
3. Definitions: Key terms used throughout the MOU
4. Purpose and Scope: Clear statement of the MOU's objectives and extent of the sharing arrangement
5. Property Details: Description and identification of the shared property
6. Usage Rights: Terms of how the property will be shared and used by each party
7. Cost Sharing: Division of expenses, including maintenance, utilities, and other running costs
8. Management and Decision Making: Process for making decisions about the property and its use
9. Duration: Term of the arrangement and conditions for renewal
10. Dispute Resolution: Process for resolving disagreements between parties
11. General Provisions: Standard clauses including notices, amendments, and governing law
1. Insurance Requirements: Specific insurance obligations when parties agree to maintain particular coverage
2. Subletting Rights: Include when parties may want the ability to sublet their share
3. Exit Mechanism: Include when parties want specific provisions for selling their share or leaving the arrangement
4. Property Improvements: Include when parties anticipate making modifications to the property
5. Special Use Provisions: Include when the property has specific uses (e.g., commercial activities) that need regulation
6. Third Party Access: Include when non-parties may need access rights to the property
7. Environmental Responsibilities: Include when the property requires specific environmental management
1. Schedule 1 - Property Description: Detailed description of the property including title details, boundaries, and included fixtures
2. Schedule 2 - Cost Allocation: Detailed breakdown of shared costs and payment responsibilities
3. Schedule 3 - Usage Schedule: Specific timings or zones for shared usage if applicable
4. Schedule 4 - Maintenance Schedule: Regular maintenance requirements and responsibilities
5. Appendix A - Property Plans: Floor plans, property drawings, or maps
6. Appendix B - Condition Report: Initial condition report of the property
7. Appendix C - Contact Details: Detailed contact information for all parties and key service providers
Authors
Real Estate
Commercial Property
Residential Property
Shared Workspaces
Community Housing
Property Development
Family Property Management
Corporate Real Estate
Hospitality
Non-Profit
Legal
Property Management
Facilities Management
Operations
Asset Management
Real Estate
Contract Administration
Risk Management
Corporate Services
Community Relations
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Property Lawyer
Asset Manager
Operations Manager
Community Housing Manager
Property Development Manager
Trust Manager
Contract Administrator
Corporate Real Estate Manager
Property Administrator
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