In today's fast-track world of condominium development and homeowner associations, too many times problems arise during the creation and implementation of these different entities that need to be effectively resolved for all parties concerned. This one-day seminar will furnish valuable instruction regarding the development of condominium and homeowner associations and how to avoid the problems that arise when doing so.
- Developing condominiums
- Securing government approvals
- Mitigate your exposures
- Purchase and sale of units
- Warranty issues and construction claims
9:00 a.m. - 9:10 a.m.
I. Welcome And Overview
9:10 a.m. - 10:00 a.m.
II. Developing Condominiums
A. Venture Considerations: Sponsor, Investors, Managers
B. Choice Of Developer Entity (Corporation, LLC, etc.)
C. Drafting The Venture Agreement
10:00 a.m. - 10:15 a.m.
10:15 a.m. - 11:00 a.m.
III. Securing Government Approvals
A. Securing Local Government (MAP) Approval
B. Securing DRE Approvals; Subdivided Lands Law; Developer Budgets
11:00 a.m. - 12:00 p.m.
IV. Contracting For Construction
A. Insurance Considerations
B. Contracting With Design Professionals And Contractors
1. Contractor Agreements
2. Subcontractor Agreements
3. Architecture Agreements
12:00 p.m. - 12:30 p.m.
V. Mitigate Your Exposures – Iron Horse Lofts Case Study
A. During Design
B. During Construction
C. During Sales Process
12:30 p.m. - 1:30 p.m.
Lunch (On Your Own)
1:30 p.m. - 2:45 p.m.
VI. Purchase And Sale Of Units
A. Realtor Agreements
B. Marketing Agreements
C. Disclosure Statements
D. Purchase And Sale Agreements
2:45 p.m. - 3:00 p.m.
3:00 p.m. - 4:00 p.m.
VII. Warranty Issues And Construction Claims: Senate Bill 800 Revisited (Insurance,
Mold, Water Intrusion, Environmental Issues)
A. Developer's Perspective
B. Consumer's Perspective
C. Insurance Coverage Issues
4:00 p.m. - 4:30 p.m.
VIII. Wrap-Up And Questions And Answers