Decision-making by the syndicate Frequency of meetings: (e.g. quarterly / 6-monthly) (e.g. venue of meetings in person / telephone conferences / video Logistics of meetings: conferences other) Level of approvals required: Unanimous [75%] Consent by [Majority] Consent consent value of amount by value of invested amount invested Purchase of property: Y Adopting / amending business Y plan: Matters outside the scope of the Y business plan: Changes to constitutional Y documents of syndicate / SPV: Any borrowing by the SPV: Y Granting any charge over the Y property or the assets: SPV’s Re-investment of any income or Y capital received by the SPV: Extension of investment period: Y Admission of any new member of Y the syndicate: Expulsion of any member of the Y syndicate (e.g. for breach) Non-budgeted expenditure over £[ Y ]: Transactions / arrangements with Y connected parties: Raising of additional capital: Y Winding up of the syndicate / SPV: Y Sale of property before expiry of Y investment period: Sale of property after expiry of Y investment period: Litigation other than routine Y collection of rent or enforcement of tenancy agreements: [Other - specify]: All other matters: Y
Decision-making by the syndicate Frequency of meetings: (e.g. quarterly / 6-monthly) Logistics of meetings: (e.g. venue of meetings in person / telephone conferences / video conferences other) Level of approvals required: Unanimous consent [75%] Consent by value of amount invested [Majority] Consent by value of amount invested Purchase of property: Y Adopting / amending business plan: Y Matters outside the scope of the business plan: Y Changes to constitutional documents of syndicate / SPV: Y Any borrowing by the SPV: Y Granting any charge over the property or the SPV’s assets: Y Re-investment of any income or capital received by the SPV: Y Extension of investment period: Y Admission of any new member of the syndicate: Y Expulsion of any member of the syndicate (e.g. for breach) Y Non-budgeted expenditure over £[ ]: Y Transactions / arrangements with connected parties: Y Raising of additional capital: Y Winding up of the syndicate / SPV: Y Sale of property before expiry of investment period: Y Sale of property after expiry of investment period: Y Litigation other than routine collection of rent or enforcement of tenancy agreements: Y [Other - specify]: All other matters: Y