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

Originally held on Thursday, April 11, 2019 | 6:00 p.m. – 8:15 p.m.

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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.

    OnDemand: $149 for Members | $249 for Nonmembers

    Members who are Recent Law Graduates (not yet admitted), Newly Admitted Lawyers, In-House/Corporate Counsel, Judges (and their staff), or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

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  • Tina Palazzo Fairweather
    Palazzo Law, PC

    Scott Claman
    Giddins Claman LLP

    Robert J. Teitelbaum
    Konner Teitelbaum & Gallagher

    Michael C. Xylas      
    Abrams Garfinkel Margolis Bergson, LLP

  • 6:00 – 6:10  Introduction
    Neil Garfinkel

    6:10 – 6:25  Condominium Contracts
    Tina Palazzo Fairweather

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

    6:25 – 6:40  House / Townhouse Contracts
    Michael Xylas

    -Overview of House / Townhouse Contracts
    -Purchaser’s Riders
    -Seller’s Riders
    -Miscellaneous Provisions

    6:40 – 6:55  Co-op Contracts
    Scott Claman

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

    6:55 – 7:05  Break

    7:05 – 7:20  Leases
    Robert Teitelbaum

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

    7:20 – 8:00 – Hot Topics
    Neil Garfinkel and All Participants

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

    8:00 – 8:15 – Question and Answers

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  • CLE Credit
    New York:     2.5 Skills
    New Jersey:     2.5 General
    California:     2.0 General
    Pennsylvania:     2.0 General

    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.

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

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