Reciprocal Easement Agreements: Structuring and Amending REAs for Retail and Mixed-Use Project Development

Protecting Rights and Obligations, Minimizing Risk for Developers, Retailers and Other Project Constituents

Recording of a 90-minute CLE webinar with Q&A


Conducted on Wednesday, June 21, 2017

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will provide real estate practitioners with guidance for drafting reciprocal easement agreements (REAs) for retail development and redevelopment, avoiding common pitfalls in drafting REAs, and utilizing best practices for updating existing REAs.

Description

REAs for retail projects create complicated contractual rights and obligations—and property rights and obligations—that impact the developer’s and retailer’s ability to use, and to sell and finance, the purchase of the property. Counsel must avoid pitfalls and conflicts to minimize owner disputes and operational problems when drafting or amending REAs.

Common elements of the agreements address key business issues such as access, construction, shared parking, signage and maintenance. Other key terms include the process for amending the REA agreement and protection for lenders to either party.

As the nature of retail development transforms with the increase in demand for mixed-use projects and developers look for opportunities to reconfigure obsolete space or rejuvenate older malls, this often requires updating and amending existing REAs.

Listen as our authoritative panel provides practitioners with a clear understanding of how to draft REAs for retail projects, how to avoid common drafting pitfalls, and how to amend existing documents.

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Outline

  1. Overview of REAs
  2. Drafting effective REAs
  3. Common pitfalls with REAs
  4. Amending existing REAs

Benefits

The panel will review these and other key issues:

  • The fundamental components of REAs for retail development
  • Costly drafting errors that attorneys most commonly make when drafting REAs
  • How to draft, analyze, interpret and amend existing REAs

Faculty

Bozeman, Janet
Janet L. Bozeman

Principal
Hyatt & Stubblefield

Ms. Bozeman assists developers throughout the country in creating the governance structure for their planned...  |  Read More

Kathleen Dempsey Boyle
Kathleen Dempsey Boyle

Partner
Meltzer Purtill & Stelle

Ms. Boyle focuses her practice on real estate, particularly leasing, development and redevelopment of retail, mixed...  |  Read More

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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

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