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Ancillary Agreements in Real Estate Transactions

The ACREL Papers - Spring 2017, American Law Institute

29 Pages Posted: 28 Sep 2017  

Andrew Berman

New York Law School

Barry Hines

Frost Brown Todd LLC

Everett Ward

Quarles & Brady LLP - Chicago Office

Date Written: April 2017

Abstract

This article discusses certain ancillary but important documents in the context of two common real estate transactions: mortgage loan financings and acquisitions of income-producing real estate. In particular, the article analyzes current case law and drafting considerations relating to estoppel certificates, certified rent rolls and subordination, non-disturbance agreements (SNDAs). In addition, the article examines due diligence issues for the lender and buyer. Note: This article was co-authored with Barry Hines, Partner, Frost, Brown, Todd LLC and Everett Ward, Partner, Quarrels & Brady LLP and initially presented at the Spring Meeting of the American College of Real Estate Lawyers (ACREL).

Keywords: Mortgage, Lease, Estoppel, SNDA, Subordination, Non-Disturbance Agreements, Due Diligence

Suggested Citation

Berman, Andrew and Hines, Barry and Ward, Everett, Ancillary Agreements in Real Estate Transactions (April 2017). The ACREL Papers - Spring 2017, American Law Institute. Available at SSRN: https://ssrn.com/abstract=3038926

Andrew Berman (Contact Author)

New York Law School ( email )

185 West Broadway
New York, NY 10013
United States

Barry Hines

Frost Brown Todd LLC ( email )

301 East Fourth Street
Great American Tower, Suite 3300
Cincinnati, OH 45202
United States

Everett Ward

Quarles & Brady LLP - Chicago Office ( email )

300 N. LaSalle Street
Suite 4000
Chicago, IL 60654
United States

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