As the popularity of common interest communities, such as planned communities, condominiums and urban developments, continue to increase, professionals involved in the development, marketing and operation of these communities must have a solid understanding of the agreements involved in each phase of the community's life-cycle to properly advise their colleagues and clients. This program will examine key provisions of the relevant agreements, offer ways to improve your drafting skills and provide helpful insights for addressing challenging issues that often arise when preparing the documents.
- History of condominium legislation and contrast with other common interest forms of development
- Representing the developer - creation of the condominium
- Representing the lender
- Representing the association
- Representing the purchaser
- The attendee will be able to discuss the owner's policy.
- The attendee will be able to identify additional disclosure requirements.
- The attendee will be able to review title insurance.
9:00 a.m. - 9:30 a.m.
I. History Of Condominium Legislation And Contrast With Other Common Interest
Forms Of Development
9:30 a.m. - 10:30 a.m.
II. Representing The Developer Creation Of The Condominium
A. Condominium Declaration
C. Phasing Amendments To Exercise Development Rights
E. Disclosure Statement
F. Contract For Sale
G. Builder's Warranties
10:30 a.m. - 10:45 a.m.
10:45 a.m. - 11:45 a.m.
III. Insuring The Condominium
A. Association Policy
B. Unit Owner's Policy
11:45 a.m. - 12:45 p.m.
Lunch (On Your Own)
12:45 p.m. - 1:15 p.m.
IV. Condominium Conversions
A. Offer To Tenants
B. Additional Disclosure Requirements
1:15 p.m. - 2:00 p.m.
V. Representing The Lender
A. Requirements Of FNMA Units As Collateral
B. Condominium Endorsement Title Insurance
C. Development Rights As Collateral
2:00 p.m. - 2:15 p.m.
2:15 p.m. - 3:00 p.m.
VI. The Commercial And Mixed-Use Condominium
A. Special Disclosure Requirements
B. Allocation Of Expenses And Special Voting Requirements
3:00 p.m. - 3:30 p.m.
VII. Representing The Association
A. General Operations
B. Fiduciary Duty
D. Enforcement Of Documents
E. Dealing With Tenants
F. Amending Documents
3:30 p.m. - 4:30 p.m.
VIII. Representing The Purchaser
A. Unit Descriptions
B. Title Insurance
C. Budget Matters
D. Resale Certificates