[WSBARP] Real Property Buy/Sell Agreement in LLC OA

[Mark Anderson]

Will do.

Mark B. Anderson
Sent from my phone
________________________________
From: Jan Kelly <jan at jankellylaw.com>
Sent: Tuesday, November 18, 2025 5:59:28 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>; Mark Anderson <marka at mbaesq.com>
Subject: RE: Real Property Buy/Sell Agreement in LLC OA


Hey Mark,

Wow! I just sat down to draft almost that exact same document! My clients want a manager-managed agreement, but otherwise, it is the same.  They want a FROR and have agreed in advance to share the cost of an appraisal to determine the purchase price if one party wants out. If you receive any samples, please share ?



Jan Kelly, JD, MBA
Attorney at Law

JK Law
PO Box 1964
Poulsbo, WA 98370
Direct Line (702) 338-6733

Licensed in Nevada and Washington.



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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Mark Anderson
Sent: Tuesday, November 18, 2025 10:50 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Real Property Buy/Sell Agreement in LLC OA



Dear All:

Two individuals formed a member-managed limited liability company for the sole purpose of holding a single real property asset (a vacation home).  In addition to the typical provisions, powers, and authority found in an operating agreement, I also want to include provisions that address the circumstance in which one party wants to sell their interest in the LLC (and thus their interest in the vacation home).  This would probably include a first right of refusal and methods for valuation.

Would any of you be willing to share examples of language to include in the operating agreement that would accomplish this?  I'm trying to avoid creating one from "whole cloth."

Thanks.

Mark B. Anderson
ANDERSON LAW FIRM PLLC
821 Dock Street, Suite 209, PMB 4-12
Tacoma, Washington 98402
+1 253-327-1750
+1 253-327-1751 (fax)
marka at mbaesq.com<mailto:marka at mbaesq.com>
www.mbaesq.com<http://www.mbaesq.com/>

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