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In this new book, prominent real estate attorney Sidney G. Saltz pokes holes in both of these stereotypes, and provides a clear, concise explanation of the legal issues commonly encountered in commercial leasing transactions. Saltz explains the lease provisions commonly found in nearly every lease, how these provisions differ depending on the physical situation and the nature of the deal, and also delves into lease provisions unique to certain kinds of leases, buildings, owners or tenants.
For proven guidance and techniques for handling a commercial real estate deal, this practical guide will help you negotiate and close the deal. The authors cover each step of a real estate transaction in the order in which it generally arises, and offers pertinent advice, practice comments, and sample forms throughout. Because much of the real estate lawyer's practice revolves around transactional documents, the book's chapters emphasize the drafting, negotiation, and revision needed to get a deal closed. Written by a law professor and two real estate practitioners, this book offers a useful combination of text overview and practice pointers. It helps lawyers with less experience navigate through the maze of steps involved in a real estate transaction. At the same time, it serves as a valuable reference for more seasoned attorneys as well as those whose practice is concentrated in other areas of the law. Downloadable forms are available online.
The updated and expanded third edition of How to Succeed in Commercial Real Estate is a comprehensive, practical guide for those considering entering the field of commercial real estate and those just beginning in the business, as well as for experienced brokers and sales managers who want to evaluate and strengthen their current strategies related to listings, negotiations, contracts, and sales. This book provides a straightforward overview of the business of selling and leasing commercial property, including coverage of the four main specialty areas--retail, office, industrial, and investment--as well as crossovers and emerging specialties. Rather than pumping a "get rich quick" approach to selling, the author shows brokers that they don't have to sacrifice integrity and ethics to remain competitive and deal oriented. The book includes detailed coverage of Choosing a company and a specialty. Sales strategies and sales points specific to commercial real estate, including practical suggestions for countering other brokers. The importance of focusing on exclusive listings, how to find and get the best prospects, and the most effective strategies for marketing property. Standard parts and points of negotiation for contracts and forms, including earnest money agreements, leases, options, listings, counter offers, and fee schedules. Rent and how it is calculated and quoted, including triple net, modified net, gross and full service leases. Technical knowledge including agency, law, appraisal, taxation, zoning, surveys, environmental investigations, investment analysis, risk comparison, exchanges, financing, and property management. The pros and cons of going independent and how to decide if it's the right move for you. Written in an engaging, straight-talk style, the author shares a wealth of other practical knowledge reaped from over forty years in the business.
This is a practical introduction to transactional real estate law. Walking lawyers through the steps in the order in which they are likely to arise, the book focuses on the documents to be drafted and revised, the due diligence to be undertaken.
This manual analyzes each paragraph from the point of view of all stakeholders in a commercial real estate lease transaction, describing and analyzing typical lease paragraphs for office, retail, and industrial/warehouse leases.
The book covers the steps in handling a commercial real estate transaction from start to finish, including those most commonly encountered in a transaction, such as brokerage problems, leases, mortgages, title insurance and surveys. In addition, the book covers material that may not be easily available to a new or less experienced practitioner, such as handling mortgage workouts after a default, wrap-around mortgages, reciprocal easement agreements, and air rights.