💼Real Estate Management

PlayEstates LLC has an Operating Agreement and each Series of the LLC will be governed through a Series Designations. The Operating Agreement will be assigned and recorded internally, and defines the governance and operation of the LLC and the relationships among members of the LLC (between various owners, PNFT token holders, and management group of LLC).

The Operating Agreement is to set forth responsibilities for the managing party, while minimizing the responsibility of PNFT Token Holders in the upkeep and management of the property held by a Series. However, members or token holders shall and could still participate on crucial decisions regarding the property held by a Series, decisions such as when to sell, restore, remodel, or rebuild the property, or any other unforeseen circumstances that require owner input.

This Operating Agreement also establishes the ability for PNFT holders, under certain conditions, to elect to dismiss the property management service and any other contracted service providers, if they so choose, enabling the potential for self-sovereign control of governance of the Series.

PlayEstates will not charge management fees for the maintenance and upkeep of each property under the Series of LLC. Rather than relocating the entire membership interest of the LLC, PlayEstates shall maintain 20-30% of ownerships, which can ensure the margin will be able to offset and take care of such management fees for the Series, on behalf of PNFT holders.