About the Course
Introduction
This CLE webinar will provide real estate counsel with guidance on analyzing due diligence documentation and best practices for spotting the issues that may delay a closing. The panel will discuss appraisal reports, addressing property condition and capital needs assessments, environmental site assessments, and commercial leases.
Description
The red flags during due diligence in a commercial real estate closing can delay or cancel a deal. Counsel must prepare to address the issues and draft the curative documents necessary to move toward closing.
Counsel must evaluate several different due diligence documentation. From appraisal reports to environmental site assessments to capital needs, counsel must be aware of the issues that may create delays or drive potential buyers away.
In commercial sales transactions, counsel should also review all leases to confirm terms and expense allocations are consistent with the seller's rent roll and operating statements disclosures, as well as acquire tenant estoppels and SNDAs from the current tenants.
Listen as our authoritative panel discusses leasing due diligence best practices about property economics and legal concerns and provides an overview of the most common issues that arise in various due diligence documentation and how to best cure those issues.
Presented By
Ms. Spendlove is on the Board of Directors of Dentons Durham Jones Pinegar and practices in the Real Estate Section, the Business & Finance Section, and the Intellectual Property Section. She represents buyers and sellers in purchasing, selling, leasing, and developing commercial real estate; advises startups and established entities in creating, buying, selling, merging, and maintaining partnerships, limited liability companies, and corporations, as well as entering into a wide range of business contracts. She also handles intellectual property issues such as trademarks and copyrights.
Mr. Welch is a partner and Chair of the Real Estate Group, specializing in high-profile real estate transactions for clients in entertainment, advertising, restaurants, and professional services. He handles leases, purchases, sales, construction, and financings of diverse commercial properties such as retail stores, restaurants, and office spaces nationwide. Mr. Welch supports clients throughout their real estate ventures, from starting businesses to acquiring investment properties and personal residences. In addition to his real estate transactions practice, Mr. Welch works with the Frankfurt Kurnit Litigation Group to resolve real estate-related disputes, and with the Frankfurt Kurnit Hospitality Group to provide legal advice to restaurateurs and their business partners.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Wednesday, March 8, 2023
- schedule
1:00 p.m. ET./10:00 a.m. PT
- Pre-closing commercial real estate due diligence
- Appraisal reports
- Common issues
- Best means to cure
- Property inspection
- Common issues
- Best means to cure
- Capital needs assessments
- Common issues
- Best means to cure
- Environmental site assessments
- Common issues
- Best means to cure
- Commercial leases
- Common issues
- Best means to cure
- Appraisal reports
The panel will address these and other relevant issues:
- What are common problems that delay closings in appraisal reports? In capital needs assessments? How best can counsel cure these issues?
- What issues in environmental reports, such as a Phase I, will trigger the need to include an environmental attorney?
- When reviewing commercial leases before a sale, what provisions create the most issues that delay closing?
