This course will examine the negotiation of a number of real estate contracts and the skills and methods of lawyers who handle transactions. The contracts include a purchase and sale agreement of a four-plex, a construction loan commitment for an apartment complex, an LLC agreement between a developer and his/her investors for the purchase and conversion of an industrial building to condominiums, an LLC agreement for low-income housing, a development agreement between a developer and a municipality for single-family residences, and a management agreement between a developer and an operator for a senior living facility. The course materials will include a case study for each transaction and a form of term sheet, with a mark-up of the changes proposed by the party that receives the initial draft. The course will note the rules of law that motivate and constrain the contents of particular agreements. Real Estate Contracts: Housing is not a prerequisite for Real Estate Contracts: Commercial.
Fall 2019
Peter Koerber
Real Property & Real Estate Law