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

Originally held on Wednesday, October 7, 2020 | 2:00 pm – 4:15 pm

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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.

    Program Fee:
    $149 for Members | $249 for Nonmembers

    Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2018-2020), In-House/Corporate Counsel, Judges, or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

  • Scott Claman
    Giddins Claman LLP

    Tina Palazzo Fairweather
    Palazzo Law, PC

    Robert J. Teitelbaum
    Konner Teitelbaum & Gallagher

    Michael C. Xylas
    Abrams Garfinkel Margolis Bergson, LLP

  • 2:00 pm – 2:10 p.m. Introduction & Program Overview
    —Neil Garfinkel
    2:10 pm – 2:25 pm Condominium Contracts

    • Overview of Condominium Contracts
    • Purchaser’s Riders
    • Seller’s Riders
    • Miscellaneous Provisions—Tina Palazzo Fairweather
    2:25 pm – 2:40 pm House / Townhouse Contracts

    • Overview of House / Townhouse Contracts
    • Purchaser’s Riders
    • Seller’s Riders
    • Miscellaneous Provisions—Michael Xylas
    2:40 pm – 2:55 pm Co-op Contracts

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

      —Scott Claman
    2:55 pm – 3:05 pm Break
    3:05 pm – 3:20 pm Leases

    • Subleases
    • Rent To Own Provisions
    • Forms of Leases (Co-op, Condo, Houses)—Robert Teitelbaum
    3:20 pm – 4:00 pm Hot Topics

    • Mortgage Contingency Provisions and Issues / TRID
    • Default / Escrow Provisions
    • Post Closing Possession and Occupancy Agreements
    • Sponsor Issues
    • Seller Concessions—Neil Garfinkel & Panelists
    4:00 pm – 4:15 pm Questions and Answers

  • New York: 2.5 Skills
    New Jersey: 2.5 General
    California: 2.0 General
    Pennsylvania: 2.0 General
    Connecticut: Available to Licensed Attorneys

    Please Note: Newly admitted NY attorneys cannot fulfill ethics or skills credits through our on-demand programs under OCA rules. For more information on this, please see http://www.nycourts.gov/attorneys/cle/changes_for_2016.shtml.

  • Sponsorship Opportunities are Available! Please Contact:
    Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org

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