Commercial Real Estate Law
I. Course Prefix/Number: PAR 230
Course Name: Commercial Real Estate Law
Credits: 3 (3 lecture; 0 lab)
III. Course (Catalog) Description
Course covers American commercial real estate law. Topics include the anatomy of a commercial real estate transaction; the role of a paralegal in a commercial real estate transaction; the importance of title searches and surveys; and the role of leases, easements, and licenses. Also covered are the process utilized to obtain commercial real estate mortgages; the role of a paralegal in preparing for a commercial real estate closing; and ethical issues dealing with commercial real estate.
IV. Learning Objectives
- demonstrate an understanding of commercial real estate law in the United States.
- demonstrate an understanding of the role of the paralegal with regard to issues of commercial real estate law.
- demonstrate competency in resolving issues of commercial real estate law.
- demonstrate an understanding of the ethical concerns that typically arise in a situation involving commercial real estate law issues.
V. Academic Integrity and Student Conduct
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.
There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.
Please review the Code of Academic Conduct and the Code of Student Conduct, both located online at
VI. Sequence of Topics
- History of Real Property
- Introduction to Commercial Real Estate Law
- Anatomy of a Real Estate Transaction—3 hours
- The Role of a Paralegal in Commercial Real Estate Transactions
- Purchase and Sale Agreements
- Letters of Intent
- Letters of Commitment
- Title Searches
- Land Surveys
- Commercial Leases
- Subordination, Non-Disturbance and Attornment Agreements
- Commercial Mortgages
- Due Diligence in Commercial Real Estate Transactions
- Commercial Real Estate Closings
- Ethics in Commercial Real Estate Transactions
VII. Methods of Instruction
- Class discussion
- Class and individual projects
Course may be taught as face-to-face, hybrid or online course.
VIII. Course Practices Required
- Reading Assignments
- Writing Assignments
IX. Instructional Materials
Werner. Real Estate Law. 11th ed., Thomson, 2002.
X. Methods of Evaluating Student Progress
- Midterm and final examinations
- Classroom participation
- An application of Commercial Real Estate Practicum will also be utilized.
XI. Other Course Information
If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.
Oakton Community College is committed to maintaining a campus environment emphasizing the dignity and worth of all members of the community, and complies with all federal and state Title IX requirements.
Resources and support for
- pregnancy-related and parenting accommodations; and
- victims of sexual misconduct
Resources and support for LGBTQ+ students can be found at www.oakton.edu/lgbtq.