Who manages the properties? What do they do? What do they charge?
1 minute read- Recently updated on May 14th, 2024
Management Company
The manager of all properties tokenized by Mineral Vault is Mineral Vault LLC, a Texas limited liability company. All SPVs (tokenized entities) pay 10% of all revenue received as a management fee to Mineral Vault LLC, compensating Mineral Vault for ongoing management of the Property portfolio on the token holders’ behalf. Among other services, the management responsibilities of Mineral Vault LLC include the following items as well as all costs directly related to the provision of these & other services:
Negotiation & Execution of New Oil & Gas Leases
Review & Validation of Division & Transfer Orders Related to New & Existing Wells
Verification of Payment from Operators & Purchasers
Calculation & Payment of Property Taxes
Filing of All Necessary Tax & Regulatory Paperwork for the SPV
Token Management Services, Including Disbursement of Dividends, Calculation & Effectuation of Token Repurchase & Burn Protocols, etc.
Investor Communication & Coordination, Including Compliant Onboarding of Investors