Do you know how to confidently navigate through commercial property transactions – dotting all your i's, handling issues that arise, and using proactive strategies to prevent future disputes? This essential briefing will give you the fundamental tools you need to handle each step of the transaction. Don't miss this opportunity to get the latest information and techniques to ensure a smooth real estate deal. Order today!

1. Title Insurance and Survey Review: What You Need to Know
2. Step-by-Step through the Purchase Contract
3. Ethical Challenges in Real Estate
4. Financing Commercial Property Acquisitions
5. The Closing
6. Post-Closing Procedures

1. Title Insurance and Survey Review: What You Need to Know
   8:30 - 9:45, Richard J. Fox
   1. The Title Commitment
   2. Requests and Revisions to Consider
   3. Survey Review: Why and What to Look For (Zoning, Setbacks, Easements, Right-of-Way Issues, Etc.)
   4. Beneficial and Burdensome Easements
   5. Determining the Best Course of Action When Dealing with Title Defects and Encumbrances
   6. The Title Policy and Endorsements
2. Step-by-Step Through the Purchase Contract
   10:00 - 11:30, Jon T. Anderson
   1. Initial Considerations, Due Diligence Responsibilities and Disclosure Obligations on Commercial Real Estate Transactions
   2. Reviewing Pre-Negotiated Terms and Conditions
   3. Essential Elements of the Contract
      1. Parties Such as Business Entities and Trusts
      2. Granting Clause
      3. Legal Description of Property: Avoiding Pitfalls
      4. Purchase Price
      5. Real Estate Tax Proration
      6. Earnest Money Escrow
      7. Representations and Warranties
      8. Contingencies/Closing Preconditions
      9. Indemnity Provisions
      10. Environmental Provisions
      11. Default and Remedies
      12. Other Miscellaneous Provisions
3. Ethical Challenges in Real Estate
   12:30 - 1:30, Richard J. Fox
1. Attorneys' Fees Disputes
2. Who is Your Client?
3. Conflicts of Interest
4. Liability during Closing and Post-Closing Procedures
5. Disclosure of Defects
6. Duty to Report Unethical Conduct/Fraud
4. Financing Commercial Property Acquisitions
   1:30 - 2:45, Jeremy I. Farkas
   1. Standard Loan Documents
   2. Security Agreements
   3. Assignments of Leases and Rents
   4. Additional Guarantees
   5. Cross Collateralization
   6. Drafting Resolutions to Address Authority Issues
5. The Closing
   3:00 - 4:00, Jon T. Anderson
   1. Closing Checklist
   2. Closing Documents and Procedures: A Walk-Through
      1. Types of Deeds
      2. Closing Statement
      3. Other Forms
   3. Types of Closings: Escrow and Roundtable
   4. What to Do When Good Closings Go Bad
6. Post-Closing Procedures
   4:00 - 4:40, Jon T. Anderson
   1. Disbursement of Funds and Escrow Items
   2. Preparing the Closing Package to Send Back to the Lender
   3. Recorded Documents from the Recorder
   4. Policy Preparation
   5. Release of Liens and Encumbrances

JON T. ANDERSON is a partner at Burak Anderson & Melloni, PLC, a law firm that is based primarily in Burlington. Prior to joining Burak Anderson & Melloni PLC, he served as special counsel to the Vermont Department of Public Service. He practices in several areas in which he can use his engineering background and problem solving approach to serve clients. These areas include complex real estate projects and transactions; litigation (especially over technical issues such as superfund liability, valuation of complex property and real and personal property tax appeals involving sophisticated analysis); administrative law (including defense of environmental enforcement actions); utility regulation; environmental law; solid waste disposal (including permitting and siting); land use (including Vermont's Act 250); and zoning. He regularly lectures at seminars on environmental and land use law issues and publishes widely in this field, including the "Planning and Zoning" chapter of the Vermont Bar Association's Environmental Law Practice Manual, and recently co-wrote "Law and Land Use Development in Vermont." Mr. Anderson earned his B.S.Ch.E. degree in chemical engineering, with highest distinction, from Worcester Polytechnic Institute and his J.D. degree from Yale Law School. He is the chairman of the Montpelier Travel Information Council, former chairman of the Vermont Bar Association's Environmental Law Committee, served as a member of the Montpelier Planning Commission and the Central Vermont Regional Planning Commission, and is a member of the Montpelier Downtown Community Association. Mr. Anderson served in the Vermont House from 2007-2009 as a member of the Fish, Wildlife and Water Resources Committee and currently serves as the J.A.G. Officer of the Vermont Guard.

JEREMY I. FARKAS is a member of the Murphy Sullivan Kronk law firm, where his practice focuses on commercial real estate law, in which he represents property owners and developers in the acquisition, financing, permitting, development, management, leasing and/or sale (including through "1031 exchanges") of a wide variety of commercial, residential, hotel and office properties. Mr. Farkas' practice additionally includes general commercial transactional law, including entity formation and management, secured financings, and mergers and acquisitions. He additionally represents property owners in the establishment of condominiums and common interest communities, and works with individuals and businesses to obtain state and municipal land use permits. Mr. Farkas concentrates an aspect of his practice on representing telecommunications companies in their network development operations, including acquiring real property through purchase or lease for the purpose of siting telecommunications facilities and obtaining state and municipal land use permits to enable the development of those facilities. To date, he has been involved in the acquisition and permitting of hundreds of telecommunications facilities throughout Vermont. Mr. Farkas earned his B.A. degree, magna cum laude, from the University of Pennsylvania and his J.D. degree, magna cum laude, from Boston College Law School.

RICHARD J. FOX is an attorney with the law firm Unsworth & Barra, PLC, and ABX Title, where his practice focuses on real estate, landlord/tenant, construction law and civil litigation. His previous seminars include presentations on title issues and title insurance in Vermont and Massachusetts real estate and construction law issues. Mr. Fox is admitted to practice in Vermont, Massachusetts, and before the U.S. District Court for the District of Massachusetts. He is a member of the Vermont Bar Association and is an agent for Chicago Title Insurance Company. Mr. Fox earned his B.A. degree from Rutgers College and his J.D. degree from The George Washington University Law School.

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