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Understanding and Drafting Ground Leases, Part I & Part II (teleseminar)
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This program will provide you with a practical guide to understanding how ground leases work, and negotiating and drafting the underlying document.

8/3/2017 to 8/4/2017
When: 08/03/2017
1:00 PM to 2:00 PM
Where: United States
Contact: (404) 521-0781


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An 800 number connects you to nationally recognized practice leaders who will speak on important issues and emerging trends in the law. You can also pose your own questions to the speakers. Written materials and other details are emailed in advance to pre-registrants.

 
UNDERSTANDING AND DRAFTING GROUND LEASES: PART I & PART II, 1 CLE hour
 

Ground leases are sophisticated contracts combining the elements of a buy/sell agreement, a conventional commercial lease, and a financing.  A landowner enters a long-term lease with a developer who constructs a building or other improvements on the land.  The developer generally finances the building, occupying it or leasing it out to other tenants, paying the landowner rent on the underlying ground over a long period of time.  There are many benefits of ground leases for the landowner and the tenant.  But they are very complex agreements involving sophisticated economic calculations and require special drafting.  This program will provide you with a practical guide to understanding how ground leases work, and negotiating and drafting the underlying document.

Day 1 – August 3, 2017:

Overview of important provisions of ground leases
Understanding the underlying economics of ground leases
Permitted use and change of use
Methodologies for setting and adjusting rent to reflect risk and value over time

Day 2 – August 4, 2017:

Major financing issues, including subordination
Construction and development issues
Special condemnation and casualty considerations

Speaker:

Joshua Stein is the principal in the New York City office of Joshua Stein, PLLC, where he has wide has wide experience in commercial real estate transactions, defaulted loans, and other real estate disputes. He is a Fellow of the American College of Real Estate Lawyers, a member of the Anglo-American Real Property Institute, and formerly served as chair of the Commercial Leasing Committee of the New York State Bar Association’s Real Property Section.  He is the author of five books, including “A Practical Guide to Real Estate Practice” (ALI-CLE 2001).  Mr. Stein earned his B.S. from the University of California at Berkeley and his J.D. from Columbia University Law School.


 

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