COVID-19 and Real Estate Transactions in New York: Dealing with the Now & Preparing for the Future
Created on April 14, 2020
During this presentation, real estate attorney Matt Lehrer will discuss how COVID-19 has affected real estate transactions in NY. Specifically, this presentation will cover issues facing parties already in the contract (i.e. delayed board approvals, delayed closings), new negotiation strategies for buyers/seller not yet in the contract (i.e. outside termination dates, funding contingency language, post-closing escrow in lieu of pre-closing walkthrough), and virtual closings (including virtual notarization of documents).
Review the impact COVID-19 has had on parties currently in contract
Explore new negotiation strategies and techniques that can be used in the COVID-19 era
Examine new technology solutions to employ in real estate transactions including virtual notarization of documents and virtual closings
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