COVID-19 and Real Estate Transactions in New York: Dealing with the Now & Preparing for the Future

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).

1. Review the impact COVID-19 has had on parties currently in contract

2. Explore new negotiation strategies and techniques that can be used in the COVID-19 era

3. Examine new technology solutions to employ in real estate transactions including virtual notarization of documents and virtual closings