Co-ops & Condos in New York: A Complete Roadmap to Representing a Purchaser

★★★★★
★★★★★

(384 Ratings)

Produced on: June 13, 2017

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 76 minutes
Difficulty Intermediate
This course, led by attorney Matthew Lehrer, explores the complex issues involving the purchase and sale of co-ops and condos in New York. Mr. Lehrer addresses the differences in the two types of ownership, including closing costs, rights of the parties, and the pros and cons of each type of purchase. He also addresses the fact that the closings and the procedure leading to a closing are quite different in co-op versus condo transactions.

Mr. Lehrer also explains the importance of being able to articulate these differences (and the pros and cons of each) to clients who need to be properly advised. Though a “form” document has evolved into one currently used by many attorneys, it is ripe with issues that are either not addressed or still need to be negotiated. Additionally, changes have been made to the form and the use of an older form requires more scrutiny. This program covers the issues with the form contract and examines why the updates were made to improve upon the older version, as well as why such scrutiny is required. Furthermore, clients are entitled to have their attorneys perform the proper due diligence in the purchase or sale of co-ops and condos, which goes beyond simply the negotiation of the contract and the closing. Here, Mr. Lehrer will discuss what an attorney should do to protect clients throughout the process.  

Learning Objectives:
  1. Understand the difference between a co-op and a condo
  2. Identify how to explain the differences to your client
  3. Conduct proper due diligence
  4. Review financial statements for each
  5. Discuss how to best close the deal


Faculty

Matthew Lehrer

Gitter & Lehrer PLLC

Experienced in the areas of  commercial/business transactions, real estate transactions, and insurance law, Matthew brings a unique and well rounded perspective to his legal practice. Formerly the Managing Director and Associate General Counsel to a real estate brokerage and advisory firm, Matthew has expertise in representing  tenants and landlords in the negotiation and drafting of commercial leases and representing building owners in connection with drafting, reviewing and negotiating  multimillion-dollar construction contracts.  As a Partner at Gitter & Lehrer PLLC, Matthew now focuses his practice on representing buyers and sellers of high-end residential, commercial and mixed use real estate.

Matthew is licensed to practice law in the New York State and Federal Courts, is a member of the New York State Bar Association, the American Bar Association the New York County Lawyers Association and has been selected as a Super Lawyer for 2013 and 2014.

Matthew received his B.A. from Indiana University, where he studied economics and political science, and his J.D. from St. John’s University School of Law.

Reviews

LH
Lowen H.

Nice presentation

HE
Helen E.

Instructor was very good, clear and easily understood.

DR
Daniel R.

This was a very well organized and comprehensive presentation.

KR
Karen M R.

EXCELLENT MATERIALS

LP
Lauren P.

excellent presentation.

DM
Diana M.

Wow

AL
Ann L.

great

DK
Diana K.

Speaker presentation very thorough. Love the materials.

EA
Eva A.

Very informative and very well presented

SL
Stephen L.

Great course

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$89

$ 89 Real Estate In Stock

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