As the company is leading the negotiations, the lawyer and the assessor should be mandated to advise the company and take their instructions from the company. The participation agreement should ensure that tenants, if seeking advice on their individual position, will not be able to consult with mandated advisors, therefore avoiding the possibility of a conflict of interest. If tenants wish to seek face-to-face counselling, this should be requested by lawyers or appraisers, regardless of who is mandated by the company. It will be the approach of the tenants to decide when they should be bound by contract. Given that the proposed format of the agreement contains provisions for the presentation of costs and the appointment of specialist advisors, it is useful that the agreement be drafted at the beginning of the awarding process. In order to ensure the agreed distribution of costs, it may be considered advantageous to include in the agreement provisions requiring that the change in the will of the members of the company, in the event of death, continue to involve their beneficiaries as personal representatives and to participate in the costs. The advertising obligation does not apply to an agreement granting a guarantee for a loan. Therefore, if the partners opt for a guaranteed credit on the site, it is not necessary to notify the owner. The parties to the agreement are generally qualified tenants who participate in the initial notice and enfranchising Company. However, there are potential participants who did not participate in the agreement or the original opinion who wish to do so in the future.
The more tenants there are, the more costs can be distributed, so it is in everyone`s interest to include a clause allowing such an action. It is very important that a distribution plan based on prior discussion and agreement be included in the participation agreement to ensure that a ownership relationship or collective guarantee through the procedures of the Leasehold Reform Act of 1993 is a cooperative enterprise that meets strict deadlines in which each participant depends on all others. Everyone must agree to make a certain amount available, and if a person does not meet that obligation, or if it is done on time, either the process will collapse or the remaining participants will have to make up the shortfall.