YLG: Nuts & Bolts-LOI’s and Purchase Agreements
Please join ULI Atlanta’s Young Leaders Group (YLG) for the next Nuts & Bolts series that dives into Letters of Intent (LOI’s) and Purchase Agreement. LOI’s in commercial real estate transactions are essential in helping the parties frame areas of agreement, identify problem areas, and outline a process for negotiations and final agreement. LOI’s move the parties across the threshold of mere interest in a deal to agreement on essential economic and non-economic terms. Buying and selling commercial real estate is fraught with complex issues that must be resolved in a relatively short due diligence periods. Critical due diligence measures include lease reviews, tenant estoppel certificates, service contracts and warranties, reciprocal easement agreements, declarations of covenants, conditions and restrictions, and zoning requirements especially if a redevelopment is anticipated.
This program will provide you with a practical guide to working with letters of intent in commercial real estate transactions and common pitfalls to avoid. In addition, the program will cover key issues involved in the purchase and sale of commercial real estate and take into account unique issues that are commonly negotiated by real estate practitioners.
A panel of local experts will provide young leader attendees with the opportunity to discuss and learn more about these types of contracts, their purpose, issues, and more.
• David E. Weinstein, Esq., Nelson Mullins Riley & Scarborough LLP
• Amanda Sheneman, Esq., Nelson Mullins Riley & Scarborough LLP
Nut and Bolts is a series of educational workshops hosted by ULI’s Young Leaders Group and targeted at real estate professionals 35 and under. Through these workshops, seasoned real estate professionals provide an overview of real estate topics from the diverse fields represented by ULI’s member base, including real estate development, management, consulting and design & engineering. By gaining an understanding of parallel professions, participants will become familiar with each field’s role in a development project and become better equipped to take on leadership roles on interdisciplinary teams.
This event is for YLG members only and limited to 35 attendees.