Legal Principles and Practices in Real Estate Transactions (Spring 2013)

Through a step-by-step examination of commercial real estate transactions, gain an understanding of the goals of the parties, transactions, legal structuring, negotiation, and documentation essential to each phase of the process. Topics include acquisition, disposition, and development; pre-contract period; letter of intent and due diligence; title search; contract of sale; contingencies during due diligence, including environmental, engineering, architectural, zoning, leases, and operating costs; financing, including conventional, IDA, SBA, seller-financed, assumption of existing financing, and subordinate financing; zoning, current compliance, and anticipated improvements; due diligence during conveyance, including deeds and title; government controls, including land use and zoning regulations; construction contracts; and the real estate closing.