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1. Parties: Identification of all members/shareholders of the corporation and their contact information
2. Background: Context of the agreement formation and purpose of the rental property business
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Formation and Name: Details of corporation formation, business name, and registered office
5. Purpose and Powers: Specific business purposes and powers of the corporation regarding rental property management
6. Capital Contributions: Initial and ongoing capital contributions from members, including property investments
7. Ownership Structure: Distribution of shares/ownership interests and classes of shares
8. Management Structure: Management roles, voting rights, and decision-making processes
9. Property Management: Procedures for property acquisition, management, and disposition
10. Financial Management: Accounting procedures, banking, fiscal year, and financial reporting requirements
11. Distributions: Process for distributing profits and losses among members
12. Transfer Restrictions: Limitations on transfer of ownership interests and right of first refusal
13. Meetings: Procedures for member and management meetings, voting, and record-keeping
14. Dissolution: Process for winding up the business and asset distribution
15. General Provisions: Standard clauses including amendments, notices, and governing law
1. Buy-Sell Provisions: Detailed procedures for buying out members in specific circumstances, recommended for multiple-member corporations
2. Property Development: Include when the corporation plans to develop or substantially renovate properties
3. Financing Provisions: Detailed terms for obtaining and managing external financing, necessary when planning to use significant leverage
4. Property Management Company: Terms for engaging external property management services, if not self-managed
5. Conflict Resolution: Detailed dispute resolution procedures, recommended for multiple-member corporations
6. Insurance Requirements: Specific insurance requirements beyond standard coverage
7. Environmental Compliance: Specific environmental requirements and procedures, important for properties with environmental concerns
8. Succession Planning: Detailed succession procedures for family-owned corporations
1. Schedule A - Property Schedule: List and details of all properties owned by the corporation
2. Schedule B - Capital Contributions: Detailed breakdown of initial and subsequent capital contributions
3. Schedule C - Ownership Structure: Detailed share structure and ownership allocation
4. Schedule D - Management Agreement: Terms of engagement with property management company if applicable
5. Schedule E - Financial Procedures: Detailed accounting and financial management procedures
6. Schedule F - Property Management Policies: Standard operating procedures for property management
7. Appendix 1 - Required Forms: Standard forms for corporation operations and property management
8. Appendix 2 - Maintenance Standards: Detailed property maintenance standards and procedures
Articles of Incorporation
Board of Directors
Business Day
By-laws
Capital Account
Capital Contribution
Corporation
Common Shares
Distributable Cash
Directors
Fiscal Year
Gross Revenue
Good Standing
Governing Law
Initial Capital Contribution
Lease Agreement
Management Committee
Material Change
Net Income
Net Loss
Officers
Operating Expenses
Permitted Transfer
Person
Property
Property Manager
Qualified Transfer
Rental Income
Registered Office
Shareholders
Share Certificate
Special Resolution
Supermajority Vote
Transfer
Tenant
Unanimous Shareholders Agreement
Voting Shares
Capital Contributions
Share Structure
Management Rights
Voting Rights
Transfer Restrictions
Right of First Refusal
Property Management
Financial Management
Distribution of Profits
Meetings and Notices
Record Keeping
Confidentiality
Non-Competition
Insurance
Indemnification
Dispute Resolution
Amendment Procedures
Termination
Force Majeure
Assignment
Severability
Governing Law
Entire Agreement
Property Acquisition
Property Disposal
Environmental Compliance
Health and Safety
Maintenance Requirements
Emergency Procedures
Financing
Tax Matters
Intellectual Property
Representations and Warranties
Notice Requirements
Succession Planning
Real Estate
Property Management
Property Development
Real Estate Investment
Commercial Real Estate
Residential Real Estate
Corporate Services
Professional Services
Legal
Real Estate Operations
Property Management
Corporate Governance
Finance
Accounting
Compliance
Investment
Business Development
Asset Management
Real Estate Manager
Property Manager
Corporate Director
Business Owner
Real Estate Investor
Corporate Secretary
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Operations Manager
Asset Manager
Investment Manager
Compliance Officer
Real Estate Developer
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