Practical Skills: Real Estate Transactions -- Commercial Property (NY)
- Publisher:
- New York State Bar Association
- Publication date:
- 2021-04-30
- ISBN:
- 978-1-57969-155-4
Index
- I. Overview of Commercial Real Estate Practice
- A. Introduction
- B. Distinctions From Residential Real Estate Practice
- C. Similarities To Residential Real Estate Practice
- D. The Retainer Agreement
- E. Ethical Practices
- II. Types of Commercial Property
- A. Vacant Land
- B. Single-Tenant Properties
- C. Office Buildings
- D. Apartment Buildings
- E. Shopping Centers
- F. Hotels, Casinos and Resorts
- G. Industrial Properties
- H. Permits
- I. Property Used For Charitable Or Religious Purposes
- J. Projects For A Public Purpose
- K. Special Uses
- L. When the Character of the Use Is Not Clear
- M. Ownership of Property By A Sovereign Nation
- N. Air Rights
- O. Mineral Rights
- III. Types of Transactions and Standard Documents
- A. Purchase and Sale Standard Documents
- B. Mortgage Loan Documents
- K. Mortgage Remedies
- C. Leases
- D. Section 1031 Exchange Transactions
- E. Pop-Up Stores
- lV. Role of Title Insurance
- A. Marketable Title and Insurable Title
- B. Timing of Determination of State of Title
- C. Title Report
- D. Recording Statutes
- E. Typical Title Encumbrances
- F. Incorporeal Interests in Real Property
- G. Adverse Possession Issues
- H. Zoning and Building Ordinances
- I. Liability of Title Insurer
- J. Extent of Title Insurance Coverage
- K. Title Agents
- L. Working with the Title Insurer
- M. Title Insurance Costs
- V. Closing
- A. Organization
- B. Closing Statements
- C. Adjustments
- D. Acceptable Funds
- E. Insurance
- F. Documents to be Recorded and Filed
- G. Documents Executed But Not Recorded in the Land Records
- H. Impact of Technology on Real Estate Practice
- I. Closing Costs
- VI. Post-Closing
- A. Reporting Requirements
- B. Final Considerations
- C. Usa Patriot Act of 2001
- D. Electronic Tax Payments
- E. Privacy Concerns; Impact on Land Records
- Commercial Real Estate—Index of Forms