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
IV. Learning Objectives
2. demonstrate an understanding of the role of the paralegal with regard to issues of commercial real estate law.
3. demonstrate competency in resolving issues of commercial real estate law.
4. demonstrate an understanding of the ethical concerns that typically arise in a situation involving commercial real estate law issues.
V. Academic Integrity
• 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.
Details of the Code of Academic Conduct can be found in the Student Handbook.
VI. Sequence of Topics
2. Introduction to Commercial Real Estate Law
3. Anatomy of a Real Estate Transaction—3 hours
4. The Role of a Paralegal in Commercial Real Estate Transactions
5. Purchase and Sale Agreements
6. Letters of Intent
7. Letters of Commitment
8. Title Searches
9. Land Surveys
10. Commercial Leases
12. Subordination, Non-Disturbance and Attornment Agreements
15. Commercial Mortgages
16. Due Diligence in Commercial Real Estate Transactions
17. Commercial Real Estate Closings
18. Ethics in Commercial Real Estate Transactions
VII. Methods of Instruction
2. Class discussion
4. Class and individual projects
Course may be taught as face-to-face, media-based, hybrid or online course.
VIII. Course Practices Required
2. Writing Assignments
IX. Instructional Materials
X. Methods of Evaluating Student Progress
2. Midterm and final examinations
3. Classroom participation
4. 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.