Commercial Real Estate Law

I.     Course Prefix/Number: PAR 230

       Course Name: Commercial Real Estate Law

       Credits: 3 (3 lecture; 0 lab)

II.    Prerequisite

PAR 101, PAR 110, and PAR 123, all with minimum grade of C. Recommended: PAR 113 and PAR 210 or consent of program coordinator.

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

  1. demonstrate an understanding of commercial real estate law in the United States.
  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 and Student Conduct

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton's Code of Academic Conduct. This code prohibits:

• cheating,
• 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

  1. History of Real Property
  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
  11. Estoppe
  12. Subordination, Non-Disturbance and Attornment Agreements
  13. Easements
  14. Licenses
  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

  1. Lecture
  2. Class discussion
  3. Videotapes
  4. Class and individual projects

Course may be taught as face-to-face, hybrid or online course.

VIII. Course Practices Required

  1. Reading Assignments
  2. Writing Assignments

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

Werner. Real Estate Law. 11th ed., Thomson, 2002.

X.    Methods of Evaluating Student Progress

  1. Quizzes
  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.

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
can be found at

Resources and support for LGBTQ+ students can be found at

Electronic video and/or audio recording is not permitted during class unless the student obtains written permission from the instructor. In cases where recordings are allowed, such content is restricted to personal use only. Any distribution of such recordings is strictly prohibited. Personal use is defined as use by an individual student for the purpose of studying or completing course assignments.

For students who have been approved for audio and/or video recording of lectures and other classroom activities as a reasonable accommodation by Oakton’s Access Disabilities Resource Center (ADRC), applicable federal law requires instructors to permit those recordings. Such recordings are also limited to personal use. Any distribution of such recordings is strictly prohibited.

Violation of this policy will result in disciplinary action through the Code of Student Conduct.