Drafting Ground Leases, Part 1 Out of Stock
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About the Seminar - Computer Based Audio ONLY programs (No Video) - DOES NOT QUALIFY FOR CLE BIG TICKET
Ground leases are sophisticated contracts combining the elements of a buy/sell agreement, a conventional commercial lease, and a financing. A landowner enters a long-term lease with a developer who constructs a building or other improvements on the land. The developer generally finances the building, occupying it or leasing it out to other tenants, paying the landowner rent on the underlying ground over a long period of time. There are many benefits of ground leases for the landowner and the tenant. But they are very complex agreements involving sophisticated economic calculations and require special drafting. This program will provide you with a practical guide to understanding how ground leases work, and negotiating and drafting the underlying document.
Part 1:
-Overview of important provisions of ground leases
-Understanding the underlying economics of ground leases
-Permitted use and change of use
-Methodologies for setting and adjusting rent to reflect risk and value over time
About the Speaker
Joshua Stein is the principal in the New York City office of Joshua Stein, PLLC, where he has wide experience in commercial real estate transactions, defaulted loans, and other real estate disputes. He is a Fellow of the American College of Real Estate Lawyers, a member of the Anglo-American Real Property Institute, and formerly served as chair of the Commercial Leasing Committee of the New York State Bar Association's Real Property Section. He is the author of five books, including A Practical Guide to Real Estate Practice (ALI-CLE 2001). Mr. Stein earned his B.S. from the University of California at Berkeley and his J.D. from Columbia University Law School.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour.
This seminar is an Intermediate level program.
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2020, please use this course code: 201771ADT
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2021, please use this course code: 213360ADT