Cooperatives, Condominiums & Other Residential Real Estate Contracts & Leases: Using, Drafting & Negotiating Riders

Thursday, April 26, 2018 | 6:00 pm – 8:15 pm

Program Chair:

Neil B. Garfinkel
Abrams Garfinkel
Margolis Bergson, LLP

  • The use of “riders” to alter and expand the standard forms of real estate contracts and leases (co-ops, condos and houses) is prevalent and important in the ever changing residential real estate market. This program will focus on the important provisions which attorneys are including in these riders. Examples of provisions that will be discussed and evaluated include “rent to own” agreements, mortgage contingencies (loss/expiration of commitments after contingency period), sale of existing property contingency, requirements of co-op boards regarding maintenance escrows, riders, representations regarding noise, leaks & construction, “as-is” provisions, certificate of occupancy provisions & post closing possession.

    This program is a must for all attorneys wanting to gain the knowledge needed to properly safeguard and advise clients in real estate transactions.

    Live Program: $199 Member | $299 Nonmember
    Small Law Firm: $99 Member

  • TBD

  • 6:00 pm – 6:10 pm Introduction
    6:10 pm – 6:25 pm Condominium Contracts

    • Overview of Condominium Contracts
    • Purchaser’s Riders
    • Seller’s Riders
    • Miscellaneous Provisions

    Tina Palazzo Fairweather

     6:25 pm – 6:40 pm Overview of House / Townhouse Contracts

    • Purchaser’s Riders
    • Seller’s Riders
    • Miscellaneous Provisions

    Michael Xylas

     6:40 pm – 6:55 pm  Co-op Contracts

    • Overview of Co-op Contracts
    • Purchaser’s Riders
    • Seller’s Riders
    • Miscellaneous Provisions

    Scott Claman

     6:55 pm – 7:05 pm  Break
     7:05 pm – 7:20 pm  Leases

    • Subleases
    • Rent To Own Provisions
    • Forms of Leases (Co-op, Condo, Houses)

    Robert Teitelbaum

     7:20 pm – 8:00 pm  Hot Topics

    • Mortgage Contingency Provisions and Issues / TRID
    • Default / Escrow Provisions
    • Post Closing Possession and Occupancy Agreements
    • Sponsor Issues
    • Seller Concessions

    Neil Garfinkel and all Participants

     8:00 pm – 8:15 pm  Question and Answers

     

  • CLE Credit
    NY: 2.5 skills
    NJ: 2.5 general MCLE
    CA: 2.5 general MCLE
    PA: 2.0 general MCLE

  • Sterling Bank

    Sponsorship Opportunities are Available! Please Contact:
    Maricela Alfonso | Membership and CLE Relations Associate | (212) 382-6608 | MAlfonso@nycbar.org

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