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Real Estate Guidelines Cross Reference Sheet 8454 - Michigan
| Real Estate Guidelines Cross Reference Sheet Form. This is a Michigan form and can be used in General Securities Blue Sky Secretary Of State . |
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REAL ESTATE GUIDELINES CROSS REFERENCE SHEET [Page 1] Name of Applicant: Footnote Page Section Number Guideline See Instruc- Number Partners Section tion 3 Prospect? Agreement? I. B. Definitions 1. Acquisition expenses 2. Acquisition fee 4. Affiliate 5. Assessments 6. Asset based fee Audited financial 7. statements 8. Base amount 9. Capital contribution 10. Carried interest Cash available for 11. distribution 12. Cash flow Competitive real estate 13. commission 14. Construction fee 15. Cross reference sheet 16. Development fee 17. Financing 18. Front-End fees Investment in 19. properties Major repairs and 20. rehabilitation Mandatory deferred 21. payments 22. Net worth Non-specified property 23. programs Organization and 24. offering expenses 25. Participant 28. Program interest 29. Program management fee 30. Property management fee 32. Purchase price Specified property 33. program 34. Sponsor American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 2 II. Requirements of Sponsors A. Experience B. Net worth Reports to C. administrators D. Liability E. Fiduciary duty F. Termination Suitability of the III. Participant A. Standards C. Maintenance of records IV. Fees--Compensation--Expenses Organization & offering B. expenses Investment in C. properties D. Program management fee E. Promotional interest Interest in cash 2. a. available for distribution Interest in sale b. or re- financing proceeds Additional or Supplemental Cross References American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 3 [Page 2] Name of Applicant: 3. Definition of capital contributions and date for commencement of calculating the preferred return Dissolution and 4. liquidation F. Real estate brokerage commissions on resale of property G. Property management fee H. Insurance services I. Mortgage servicing fee J. Asset based fee 1. Eligibility 2. Computations 3. Limitations V. Conflicts of interest and Investment Restrictions Sales and leases to A. 1. program Sales and leases to 2. sponsor Dealing with related 3. programs B. Exchange of limited partnership interests C. Exclusive agreements D. Commissions on reinvestment or distribution E. Services rendered to the program by the sponsor a. Expenses billed to 1. program b. Annual program report 2. Other services F. Rebates, kickbacks and reciprocal arrangements G. Commingling of funds Investments in other H. programs I. Lending practices Development or J. construction contracts Completion bond K. requirements L. Appraisals M. Mortgage loan programs N. Program indebtedness Additional or Supplemental Cross References American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 4 [Page 3] Non-Specified Property VI. Programs A. Minimum capitalization B. Sponsor experience C. Investment Objectives 1. Unimproved or non-income producing property program 2. Junior trust deeds 3. Financing 4. Joint ventures D. Offering period E. Multiple programs VII. Rights and Obligations of Participants A. Meetings B. Voting rights C. Reports 1. 12(g) programs, quarterly reports Limited partners tax 2. information 3. Annual report 4. Assessment reports 5. Mandatory deferred payment reports D. Access to records E. Admission of participants 1. Original participants Substitute limited 2. partners Assignor limited 3. partnership Redemption of program F. interests Transferability of program G. interests H. 1. Assessments 2. Defaults on assessments I. Dividend Reinvestment Plan J. Special reports K. Arbitration of disputes. VIII. Not officially reflected. IX. Miscellaneous Provisions A. Deferred payments B. Reserves C. Reinvestment of cash flow Additional or Supplemental Cross References American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 5 Response to this cross reference sheet has been prepared by: Name: Title: I. A redlined copy of all amendments and supplements to an application shal l be filed with the ADMINISTRATOR as soon as the amendment or supplement is available. Real Estate Investment Subcommittee of the NASAA Merit Regulation Committee ADVISORY I adopted on April 23, 1983 American LegalNet, Inc. www.USCourtForms.com
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