Representing the Buyer: Coop and Condo Due Diligence and Contract Matters

This class is for attorneys who will, or may, represent purchasers of Coop and Condo apartments. The class will address both contract issues the attorney should be aware of as well as due diligence that the attorney must conduct on behalf of the client. Specific issues to be addressed include time of the essence clause, delivery date issues, mortgage contingency clause, down payment and default clauses, review of Coop and Condo Offering plans, review of Coop and Condo Financial Statements, review of Coop Proprietary Lease, review of Coop Board minutes, and review of Coop or Condo's By-Laws. The class will also discuss the various federal, state and local taxes related to such a transaction.

This course is appropriate for both newly admitted attorneys and experienced attorneys.

*This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 3 hours of total CLE credit.
 

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Instructor(s):

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John Bradbury, Esq.

John P. Bradbury is a residential real estate lawyers in New York City. Prior to becoming a lawyer, he was both an accountant and real estate agent. His practice is…
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Roy Fenichel, Esq.

Roy Fenichel serves as Vice President of MIT National Land Services, a national title company headquartered at 1 Penn Plaza, New York City. Mr. Fenichel also directs programming for the…
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PRACTICE AREA:

ACCREDITED STATES:NY

Class materials