Real Estate Transactions |
This class is intended to be practical, demanding, experiential, and fun. We will work on several hypothetical real estate transactions over the course of the semester, and dig deep into some of the agreements that young transactional lawyers are likely to encounter early (and often) in their careers. These will include a purchase and sale agreement, limited liability company operating agreement, loan agreement, and lease agreement. Much of the class will consist of students learning how to draft common contractual provisions, and engaging in simulated negotiations where students will learn to recognize the issues, both "legal" and "business," and then advocate for their hypothetical client. By the end of the semester, a student might have represented the buyer in the purchase and sale agreement, the private equity provider in the limited liability company operating agreement, the lender in the loan agreement, and the tenant in the lease. Because of the interactive structure, student participation is essential and the class size must be limited. There will not be a single textbook, but instead the professor will distribute weekly handouts and articles that are relevant to that week's subject agreement, together with a sample form of the agreement itself. Most importantly, the professor expects students to become deeply familiar with the form agreement prior to each class, which will allow for lively, intelligent, and rewarding discussions/mock negotiations on a weekly basis.
Credit Hours: 3
ULW: This course does not satisfy the Upper Level Writing requirement (ULW)