“Every real estate professional and attorney involved in the development process will benefit from the book's analysis.”
—Real Estate Review
Ground leasing can be just as profitable to a developer as purchasing land—sometimes more so. Landowners may also sometimes do better by leasing than by selling. Ground Leases and Land Acquisition Contracts teaches you what you need to know about this win-win relationship.
Ground Leases and Land Acquisition Contracts analyzes ground lease clauses in depth. You'll learn how to choose between a subordinated lease, an unsubordinated lease, and a land acquisition contract. You'll also learn how to negotiate lease and contract provisions that suit your needs, how to deal with the underlying business problems raised by all parties, and how to structure and draft these vital agreements from scratch. Annotated sample forms explain the origins of, and the reasoning behind, each provision.
The book also includes: essential coverage of the hidden risks of restrictive use clauses; rent increase provisions; clauses preventing assignability; and other language that can materially impair a project's market value and even result in disastrous losses. All too often, developers, lenders and investors learn the hard way that overlooking a single, seemingly innocuous clause can end up wasting massive amounts of money in construction costs, development expenses, principal and interest.
Ground leases come in many sizes and varieties, and it's easy to confuse them. Learn how to distinguish the kind of ground lease you need and find out what you need to know to prevent a defective ground lease from destroying the value of your investment or collateral. Whether you are making a strategic investment or lending decision or negotiating and drafting a ground lease, this comprehensive resource provides the crucial guidance you need.
Book #00608; looseleaf, one volume, approximately 650 pages; published in 1988, updated as needed. ISBN: 978-1-58852-047-0
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