Author Sidney G. Saltz, a veteran real estate lawyer, draws upon his years of practice lawyer to describe the typical situations and stages of a deal and how to get it closed, including:
- The role of the real estate broker and how to develop a lawyer-broker relationship that will benefit the client
- Pre-documentation documents: the term sheets letters of intent, or loan commitment
- Documenting the transaction and creating the "law" of the deal
- Reviewing and analyzing documents, illustrated by sample concerns and questions
- Effective rules for communicating comments to the client and to the counterpart lawyer, preparation for negotiation, and negotiating to documents
- Other issues, including due diligence checklist
- Preparing for and handling the closing
- Avoiding the pitfalls that can kill a deal
The author offers logical and wise commentary on the key steps in a real estate transaction, demonstrating how a thorough understanding of the fundamentals can successfully lead to a heartfelt handshake that completes the closing.
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