TELESEMINAR: Buying and Selling Commercial Real Estate, Part 1 – A National Perspective
June 25, 2014
12:00 – 1:00 p.m.
1.00 MCLE hours
This program will cover the most important elements of purchase and sale agreements for commercial real estate transactions and important steps in the process. Letters of intent, including the practical level of detail they should or should not contain, will be discussed in relationship to preparing for and conducting due diligence. Multi-faceted elements of diligence will be discussed, including title and survey reviews, financial diligence on the buyer, and physical inspections. Finance will be discussed from the perspective of contingencies, special sale structures, and the unique elements of buying bank-owned or financially distressed properties. The program will also provide a detailed discussion of drafting various categories of reps and warranties and closing conditions. This program will provide you a real-world guide to drafting the most important components of commercial real estate purchase and sale agreements and managing the most important steps in the process. Part 1 of 2.
- Drafting most important elements of commercial real estate purchase and sale agreements and managing the process
- Letter of intents – components, level detail v. legal effect, implicit duties of good faith and fair dealing, relationship to diligence period
- Due diligence – title and survey review, environmental and physical diligence of property, financial review, and timeframes
- Finance considerations – types of financing, contingencies, and seller financing issues
Richard R. Goldberg, Ballard Spahr, LLP, Pennsylvania
John S. Hollyfield, Norton Rose Fulbright, LLP, Texas