Real Estate Operating Agreement Template for Indonesia

1. Employee Matters: Include when operator will manage property staff directly, covering employment terms and transitions

2. Environmental Compliance: Include for properties with significant environmental impact or requirements

3. Marketing and Branding: Include when operator has specific marketing responsibilities or brand standards

4. FF&E Management: Include for properties requiring significant furniture, fixtures, and equipment management

5. Third Party Contracts: Include when operator will manage existing vendor relationships or establish new ones

6. Development or Renovation: Include if property requires immediate renovation or has planned development phases

7. Force Majeure: Detailed force majeure provisions beyond standard clause, particularly relevant post-COVID

8. Intellectual Property: Include when either party's IP will be used in property operations

1. Property Description: Detailed description of the property including land certificates, buildings, and facilities

2. Operating Standards and KPIs: Specific performance metrics and operating standards for the property

3. Fee Structure: Detailed breakdown of all fees, including base fees, incentive fees, and expense categories

4. Initial Budget: First-year operating budget and capital expenditure plan

5. Handover Inventory: Detailed inventory of all assets, equipment, and documents to be managed

6. Required Insurance: Specific insurance types and coverage amounts required

7. Required Licenses and Permits: List of necessary operational licenses and permits under Indonesian law

8. Existing Contracts: Schedule of existing service contracts, leases, or agreements affecting operations

9. Emergency Procedures: Required procedures for various emergency scenarios

10. Reporting Templates: Standard formats for required operational and financial reports