Legal Principles of Real Estate

This course, offered through Schack Institute’s Executive Education division, teaches the principles and instruments of real property law and covers when and how to utilize the legal system. It reviews the contracts and issues that arise during the acquisition, financing, development, construction, ownership, and operation of investment real estate. It examines the roles, rights, obligations, and liabilities of the major parties involved in transactions, including the owner, architect, contractor, lender, title insurer, and tenants.

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You'll Walk Away with

  • Demonstrable fluency in legal terminology relating to legal rights and interests in real estate
  • An understanding of how the US legal system relates to real estate ownership and transactions, including courts, regulatory agencies, legal actions, and remedies
  • Knowledge of the historic development of common law estates and interests in land, including freeholds, leaseholds, easements, and licenses, as well as the role of recording systems and title insurance
  • The knowledge needed to discuss alternate forms of real estate ownership and co-ownership, and the formation of business entities
  • Familiarity with common contract issues, negotiating strategies, and transaction documents for the acquisition and sale of real estate
  • The capability to assess the rights and obligations of landlords and tenants under various types of leases
  • An understanding of the mortgage financing transaction; types of mortgages; and common mortgage instruments, covenants, and provisions
  • The skills to mitigate legal risks that arise in the ownership, development, construction, and operation of commercial real estate, including land use controls and environmental issues

Ideal for

  • Working professionals with an interest in understanding how legal principles, such as leases and contracts, apply to commercial real estate
  • Members of the CRE Finance Council (CREFC)
NO open sections available for this course at the moment. Please check back next semester.