Avoid ambiguities and pitfalls of real estate purchase agreements by understanding the critical terms needed for success.
Real estate purchase agreements for commercial developments often involve millions of dollars and form the basis for subdivisions, office parks, or shopping malls that are many times more valuable than the purchase price of the land. Mistakes made at the purchase agreement stage can haunt a development for years and the costs of mistakes in drafting can be high. Real estate purchase agreements for residences can also be challenging and difficult to prepare, with the risk of liability to the drafter and the parties to the contract. This topic helps drafters of real estate purchase agreements to understand the critical terms to include and how to avoid ambiguities and other pitfalls.
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Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Initial Considerations
- Letters of Intent
- Who Drafts the Contract
- Seller and Buyer-Slanted Documents
- Parties
Essential Elements of the Contract
- Recitals
- Definition of Property
- Purchase Price
- Feasibility Period
- Title
- Due Diligence
- Access
- Disclosure Obligations
- Closing Preconditions
- Escrow and Closing
- Indemnity Provisions
- Environmental Provisions
- Default and Remedies
Forms, Case Studies, and Examples
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More Program Information
Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Webinar
This course was last revised on July 31, 2019.
Call 1-866-352-9540 for further credit information.
- GA CLE 1.5
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Audio & Reference Manual
- Arizona CLE 1.5
- CA MCLE 1.5
- CT CLE 1.5
- HI CLE 1.5
- IL CLE 1.5
- ME CLE 1.5
- MT CLE 1.5
- NJ CLE 1.8
- NV CLE 1.5
- NY CLE 1.5
- VT CLE 1.5
- WA CLE 1.5
- WV MCLE 1.8
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
- Arizona CLE 1.5
- CA MCLE 1.5
- CT CLE 1.5
- HI CLE 1.5
- IL CLE 1.5
- ME CLE 1.5
- MT CLE 1.5
- NJ CLE 1.8
- NV CLE 1.5
- NY CLE 1.5
- VT CLE 1.5
- WA CLE 1.5
- WV MCLE 1.8
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Credit
More Program Information
Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Gretta C. Spendlove
Durham Jones & Pinegar
- Shareholder with Durham Jones & Pinegar
- Practice emphasizes commercial real estate and corporate law
- Conducts regular seminars and workshops in fields of real estate contracts, land use and title law, easements and boundary disputes, commercial financing and leasing, and use of LLCs for real estate development
- Member, CCIM, NAIOP, CREW, ULI
- J.D. degree, University of Arizona
- Can be contacted at [email protected] or 801-415-3000
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More Program Information
Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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