Real Estate Contract Drafting examines the elements of real estate drafting that a lawyer is likely to encounter, either as an advocate or as a principal. New York custom and practice is emphasized. Contracts of sale for single-family homes and co-op and condominium apartments, and brokerage agreements for residential and commercial property, are examined, and appropriate riders and responses to various recognized problems are examined, negotiated, and discussed. Lease transactions examined include apartments, office leases, and office subleases. Financing transactions discussed include co-op and condominium loans, single family loans, and commercial loans. Standard title insurance policies and typical exceptions to title insurance are discussed.
Students are expected to draft and negotiate various rider provisions based on the competing needs of hypothetical clients on each side of a transaction, and a critical evaluation of the relevant printed form. Accompanying typical form agreements are materials explicating certain problems and provisions of various agreements.