Detecting Legal Issues in Appraisal Reports, Commercial Leases, Environmental Assessments

Analyzing Due Diligence in Commercial Property Sales

A live 90-minute premium CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Wednesday, March 8, 2023

1:00pm-2:30pm EST, 10:00am-11:30am PST

(Alert: Event date has changed from 10/6/2022!)

or call 1-800-926-7926

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.

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Outline

  1. Pre-closing commercial real estate due diligence
    1. Appraisal reports
      1. Common issues
      2. Best means to cure
    2. Property inspection
      1. Common issues
      2. Best means to cure
    3. Capital needs assessments
      1. Common issues
      2. Best means to cure
    4. Environmental site assessments
      1. Common issues
      2. Best means to cure
    5. Commercial leases
      1. Common issues
      2. Best means to cure

Benefits

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?

Faculty

Spendlove, Gretta
Gretta C. Spendlove

Shareholder, Board of Directors
Dentons Durham Jones Pinegar

Ms. Spendlove is on the Board of Directors of Dentons Durham Jones Pinegar and practices in the Real Estate Section,...  |  Read More

Welch, Larry
Larry Welch

Partner; Chair of Real Estate Group
Frankfurt Kurnit Klein & Selz

Mr. Welch handles real estate transactions for high-profile individuals and businesses in the entertainment,...  |  Read More

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You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

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