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Transactional Drafting: Real Estate

B709 is taught by M. Need

In this course, students will learn transactional drafting skills through a focus on commercial real estate acquisitions. Students will learn the relationship between business and legal aspects of a commercial real estate transaction through a cradle to grave review of a hypothetical transaction, from first review through due diligence and closing. Students will learn to value a mixed-use parcel from an income perspective, and familiarize themselves with basic lender qualifying models, title insurance review, as well as the drafting and review of all aspects of the acquisition process, the acquisition contract, and triple net leases.

The drafting instruction starts with the nuts and bolts of contract drafting and proceeds through the process of incorporating deal terms into contract provisions. Students will study both stylistic and legal conventions and their relationship to one another. Students will learn how to identify risks and draft clear contract provisions that minimize ambiguity and control those risks. The course is useful to any student who will be drafting and negotiating contracts in his or her legal career, whether in the real estate context or otherwise.

The first few weeks of this course will be taught together with Professor Milne s B709 Transactional Drafting: Corporate Contracts course and will cover the nuts and bolts of contract drafting. Thereafter, this course will separate from the Corporate Contracts course and will focus on the real estate acquisition process and documents.