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 Thursday, June 21, 2018

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will provide real estate practitioners with guidance on drafting reciprocal easement agreements (REAs) for retail and mixed use developments and redevelopments, subdividing existing projects for investment sales, avoiding common pitfalls in drafting REAs, and utilizing best practices for updating existing REAs.

Description

REAs for retail and mixed used projects create complicated contractual rights and obligations that impact the developer’s, owners' and retailer’s ability to own, use, manage, sell and finance, property. Counsel must avoid pitfalls and conflicts to minimize disputes and operational problems when drafting or amending REAs.

Common elements of the agreements address critical business issues such as access, construction, shared parking, signage and maintenance obligations. Other crucial terms include the process for amending the REA agreement and protection for the parties' lenders.

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

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. Subdividing developments for investment
  4. Common pitfalls with REAs
  5. Amending existing REAs

Benefits

The panel will review these and other crucial issues:

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

Faculty

Colby, Keli
Keli Colby

Of Counsel
Ballard Spahr

Ms. Colby has more than 25 years of experience in real estate law. She has handled major real estate projects and...  |  Read More

Schmidt, George
George A. Schmidt

Senior Counsel
Husch Blackwell

Mr. Schmidt is a member of the firm's Real Estate, Development & Construction Team. He focuses his practice...  |  Read More

Smallwood, Thomas
Thomas B. Smallwood

Partner
Stinson Leonard Street

Mr. Smallwood has a multi-faceted practice primarily focusing on real estate development, redevelopment financing, real...  |  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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