Coworking Management Agreement Structure

[John Thak]

Looking for some input on structuring coworking management agreement from landlord prospective.  
Looking for what's market in the following areas.

- ideal revenue share model, (current proposal pays the operator first and then the landlord)

- market TI split and, (current proposal is no TI contribution from coworking operatior)

- overall share of the revenues split (current proposal is 67%/33%)

If anyone has first hand experience, please share your thoughts.

[Matthew Irish-Jones]

Quote from @John Thak:

Looking for some input on structuring coworking management agreement from landlord prospective.  
Looking for what's market in the following areas.

- ideal revenue share model, (current proposal pays the operator first and then the landlord)

- market TI split and, (current proposal is no TI contribution from coworking operatior)

- overall share of the revenues split (current proposal is 67%/33%)

If anyone has first hand experience, please share your thoughts.

 What do you mean by co-working management agreement?  Like you will invest with people and then split revenue?  Or they will invest and you will take a portion of the revenue based on providing a service?
Sounds like a complicated way to start a property management company. 

[David M.]

@John Thak

What are you trying to do?  What is a "TI" split?  Who is or are the other parties?  What have they put into the deal?  What do they stand to lose?

[Ricardo Hidalgo]

Quote from @John Thak:

Looking for some input on structuring coworking management agreement from landlord prospective.  
Looking for what's market in the following areas.

- ideal revenue share model, (current proposal pays the operator first and then the landlord)

- market TI split and, (current proposal is no TI contribution from coworking operatior)

- overall share of the revenues split (current proposal is 67%/33%)

If anyone has first hand experience, please share your thoughts.

Form an LLC and hire them as an employee or structure a service agreement.

[Tyler R.]

This isn't exactly answering your question, but it may give insights into your questions. Here's a link to a podcast where the guest use to work at WeWork and then built his own coworking management company. Minutes 9:30 to 49:00 probably most relevant: https://thefort.libsyn.com/re-...

Hope it helps!

[Ronald Rohde]

Quote from @John Thak:

Looking for some input on structuring coworking management agreement from landlord prospective.  
Looking for what's market in the following areas.

- ideal revenue share model, (current proposal pays the operator first and then the landlord)

- market TI split and, (current proposal is no TI contribution from coworking operatior)

- overall share of the revenues split (current proposal is 67%/33%)

If anyone has first hand experience, please share your thoughts.

 Hi John, we can help with this. I'm assuming you are the LL?