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Credits

Sponsored by Lorman Education
Product ID: 403955EAU
 
Credit & Course Provided by:

Drafting for Real Estate Lawyers

OnDemand Webinar (82 minutes)

Understand the concepts and organization underlying residential and commercial real estate transaction documents.Residential and commercial real estate transactions are built upon the documents which lay out the terms and conditions for those transactions. In order to be effective, those documents must contain clearly articulated concepts and be organized so the parties to the transactions, and sometimes finders-of-fact (that is, judges and juries), can interpret those documents. It is a best practice if real estate transaction documents are designed and constructed from a proactive risk management perspective, using checklists to ensure the relevant substantive and procedural matters are addressed and not inadvertently dropped. This topic is intended to help real estate professionals such as developers, owners, property managers, engineers, surveyors, contractors, and attorneys understand how to prepare and review real estate documents in a variety of settings such as purchase and sale transactions, leases, development projects, shared ownership/management/cost-sharing arrangements (condominiums, cooperatives, owner associations), and mortgage financings.

Authors

Philip N. Kabler, Esq., Bogin, Munns & Munns, P.A.

Agenda

Practical Real Estate Transaction Document Principles

• The Relationship of the Transaction Parties

• Nature of Representations, Warranties, and Covenants

• Mandatory vs. Prohibited vs. Negotiable Provisions

Proactive Risk Management

• General: Nature, Benefits, and Implementation

• Specific: Interpretation -Drafting Avoiding Vagueness and Ambiguity

• Use of Drafting Checklists

Conceptualizing Real Estate Transaction Documents

• Client Expectations and the Role of Real Estate Lawyers

• Research Areas

• Drafting Components of Real Estate Transaction Documents

Organizing Real Estate Transaction Documents

• Arranging Concepts Into Actionable Real Estate Transaction Documents

• Methods to Organize Real Estate Transaction Documents

• Moving From Organization to Drafting Real Estate Transaction Documents

Articulating Real Estate Transaction Documents

• Promoting Clarity (and Simplicity) in Drafting

• Avoiding Interpretation Challenges to Drafting

• The Central Role of Proofreading

Drafting in Various Real Estate Transaction Settings

• Purchase and Sales

• Leases

• Development Projects

• Shared Ownership/Management/Cost-Sharing Arrangements (Condominiums, Cooperatives, Owner Associations)

• Mortgage Financings

• Letters of Intent