This practical seminar provides invaluable information on economics, legal issues and practical questions facing developers of residential 'infill' projects and their advisors. The panel will discuss the development project from the feasibility stage through the process of obtaining capital and financing. The seminar will take the participants through the design and construction phases with information every development team member needs to know concerning contractual provisions that can protect the developer dealing with design professionals and contractors.
The seminar will help you avoid unnecessary liability and other pitfalls, and will assist you to succeed in your next development effort.
8:30 a.m. - 9:45 a.m.
I. Researching The Purchase Of Property
A. Selecting A Site
B. Zoning Issues
C. Subdivision Regulations
D. Real Estate Taxes
E. Building Permit Procedures
F. Environmental Conditions
9:45 a.m. - 11:00 a.m.
II. Negotiating The Contract To Purchase/Drafting The Agreement
A. Reviewing Terms Of Offer
B. Financing Provisions
C. Liability Provisions
D. Deadline, Phasing Provisions
11:00 a.m. - 11:10 a.m.
11:10 a.m. - 12:30 p.m.
III. How To Convert An Apartment Building Into A Condo
A. Selecting An Existing Building
B. Right Of First Refusal To Tenants
C. Remodeling Common Elements
D. Enacting Rules And Regulations
E. Proposed Leasing Restrictions/Prohibitions
12:30 p.m. - 1:30 p.m.
Lunch (On Your Own)
1:30 p.m. - 3:00 p.m.
IV. Checklist For A Smooth Turnover From Developer To Association
A. Percentage Of Units Sold Or 3 Years
B. Notice Of Turnover Meeting
C. Election Of Board Of Directors
3:00 p.m. - 3:10 p.m.
3:10 p.m. - 4:30 p.m.
V. Protecting The Buyer And Developer In A Purchase Of A New
Construction And Conversion Condos
A. Checking For Existing Or Proposed Special Assessments
B. Reviewing The Reserve Study, Engineering Reports
C. Review Of Rules And Regulations
D. Credit Checks