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Options in Real Estate: Live Replay: Teleseminar
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1/12/2018
When: Friday, January 12, 2018
Dial-in: 12:45 PM | Program: 1:00 PM - 2:00 PM
Where: Teleseminar: WebCredenza


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Options in Real Estate: Scope, Modifications, Purchase, Rights of First Refusal, and First Offer

CLE CREDITS:  1.0
TARGET PRACTICE AREAS:
Real Estate

Brought to you in partnership with WebCredenza
These telephone seminars are presented by national speakers who are experts in their areas of practice often ABA Section chairs, authors of books in their areas of practice, and heads of practice groups.

Options in commercial real estate transactions give the optioner (the party buying the option) more time – more time to do due diligence, obtain financing and any necessary governmental approvals, and consider whether the transaction is truly viable. The optionee (the party whose property is subject to the option) loses the right to sell the property to a third party for the duration of the option but earns a fee for doing so. In a world of complex and risky commercial real estate transactions, where time is often of the essence and risk is high, options allow developers, investors and others an effective mechanism to buy time and take a wait-and-see-approach. This program will provide you with a practical guide to drafting essential provisions of options in commercial real estate transactions, including avoiding costly traps. 

  • Types of option contracts in real estate transactions
  • Economics of real estate option contracts, including the purchase price of the underlying property and market volatility
  • Key terms – duration of exclusive period, fees, and extensions – and relationship to market conditions
  • Nature of exclusive period – access to property, restrictions on marketing, cooperation in obtaining permits
  • Role of contingencies – financing, regulatory, market variables
  • Differences between rights of first refusal and options

FACULTY
Manuel A. Fernandez, Kasowitz Benson Torres & Friedman, LLP – Miami

REGISTRATION FEES
MSBA Standard Member: $69
Non-Members: $99
.

 

HOW IT WORKS
Once registered, you will receive an email confirmation from the MSBA containing a toll-free telephone number to call on the day of the seminar.

PROGRAM MATERIALS
Prior to the seminar or on the morning of the seminar, you will receive an email with a .pdf containing the materials for the program to download to your desktop or mobile device.

HOW TO REGISTER
Members and Non-Members need to log in to see the proper registration fees.

  • Members: If you are a member of the MSBA, please sign in to receive the member rate.
  • Non-Members & Non-Attorneys: If you have attended any MSBA event in the past, you have an account with us. If you do not know your username or password, please call the MSBA. We will provide you with login credentials so you can register online.
  • If you have never attended an MSBA event: Please call the MSBA or mail or fax this registration form to register.

CANCELLATION POLICY
Full refunds will be given to those who cancel by 4:30 p.m., 5 working days prior to the program. Registrants who cancel after this deadline but prior to the program date will be charged an administrative fee of $15 per credit hour. A link to download and print the materials will be sent to those who fail to cancel in advance.

QUESTIONS? CONTACT US!
1-877-622-7554.

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