Real estate development agreements are not one agreement, but a series of complexly interrelated contacts – acquisition agreements for the underlying land or property to be developed; sprawling agreements with municipal authorities to obtain regulatory approval; and construction agreements with contractors. Ultimately, execution of carefully laid development plans and realization of the financial benefits of the development depend on thoughtfully planned and carefully drafted agreements. This program will provide you with a guide to planning the process of generating and reviewing the several underlying contracts that form real estate development agreements.
· Real estate development process and agreements
· Steps in the process, anticipating delays, and financial tradeoffs
· Acquisition of land or other property
· Finance and option letter issues related to development agreements
John Miller, John R. Miller, PLLC – Charlotte, North Carolina
John S. Hollyfield, Norton Rose Fulbright, LLP – Houston
Richard R. Goldberg, Ballard Spahr, LLP – Philadelphia