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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Beginner

  • work Practice Area

    Real Property - Transactions

Date & Time
  • event Date

    Friday, September 13, 2024

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$147.00

This CLE webinar will provide an introduction to drafting commercial real estate purchase and sale agreements (PSAs) with a focus on required PSA provisions and drafting considerations from the buyer's and seller's perspectives.

Faculty

Richard J. Slavin
Attorney
Hodgson Russ LLP

Mr. Slavin has a broad-based commercial real estate practice and has led purchase, sale, financing, and leasing transactions of commercial property throughout the United States. He counsels a diverse set of clients, from REITs and financial services companies to retailers and family offices. He is also a trusted advisor to a dozen real estate entrepreneurs.

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Description

Purchasing and selling commercial real estate is a complex process that requires considerable negotiation and thought before drafting the PSA. Once counsel have helped their clients navigate the pre-drafting considerations, as discussed in part 1 of this two-part program, they should understand the key terms to be included in the agreement, beyond the scope of templates and boilerplate language, to best protect their clients' interests and reflect the parties' intent.

Key provisions to be included in the PSA include, among others, due diligence provisions, representations and warranties, covenants and conditions, contingencies, and closing requirements.

Listen as our expert speaker guides counsel through drafting commercial real estate PSAs including key terms and how these may differ based on whether counsel represent the buyer or the seller.

Outline

  1. Introduction
  2. Drafting the PSA
    • Due diligence
    • Deposit and default
    • Representations and warranties
    • Covenants and conditions
    • Contingencies
    • Closing
    • Other terms and considerations
  3. Practitioner takeaways

Benefits

The expert speaker will review these and other key considerations:

  • What provisions are required for commercial real estate PSAs?
  • Which terms may require more negotiation than others?
  • How do the terms vary depending on whether counsel is representing the buyer? The seller?
  • What are the dangers of using boilerplate clauses?