Courses 2012 - 2013

LAW A 523 Real Estate Transactions

Credits: 3-4, Max 4

Methods by which an obligation may be secured by real property of the obligor or of a third person. Covers the common-law principles and statutes that regulate the creation, operation, and extinguishment of the legal relations known as the real property mortgage and deed of trust, considered in the context of financing the purchase or development of land. Some attention may be given to principles governing operation of the lending industry.

Marco de Sa e Silva
In this course, we will learn about the structures, processes, people, and documents used to complete common commercial real estate transactions, including purchases and sales, mortgage lending, and leasing. The first four weeks will be devoted to purchases and sales, including letters of intent, purchase agreements, due diligence, title insurance, escrow, and closing. The last four weeks will be divided among mortgage lending, leasing, land use planning, easements, licenses, and confidentiality agreements. Through class discussion, textbook readings, and review of actual transaction documents, students will become familiar with the business and legal issues that typically are addressed in bringing a commercial real estate transaction to a successful closing. Students will develop a basic understanding of fundamental legal issues that arise in contemporary transactions and the roles played by legal, brokerage, title, escrow, engineering, environmental, insurance, and lending professionals.

Not offered this academic year.

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