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transaction killers: Attorney Transaction Killers Series - Drafting an Attorney Review Provision - 08/20/09 10:52 PM
Strategies for Avoiding Attorney Drafting Delays
As was described in the Attorney Transaction Killers Series, the deal used as the basis for the case study had a fatal flaw - it simply took too long to get the review completed.  It dragged on for over 2 weeks.  It is imporant in any real estate transaction to get the deal done quickly.  In my opinion, there are two approaches to attorney review:
The attorney for the purchaser should reduce the offer to writing, secure its execution, and submit it to the other party to the transaction.  The benefit is that you have … (6 comments)

transaction killers: Attorney Transaction Killers Series - Standard Lease Terms - Commons Issues for Attorney Review - 08/20/09 08:00 PM
Unlike the jointly drafted real estate sales contract approved by the Bar Association of Metropolitan St. Louis and  St. Louis Association of Realtors, the model lease provided by the St. Louis Association of Realtors has not received similar treatment and is not uniformly used.  The reasons for the lack of wide spread use and acceptance of model lease form include:
Owners often have their own leasing staff and have relied on attorneys and commercially available forms instead of Realtors for the source of their leases and lease terms. Owners often draft their leases to address issues that have occurred in the … (4 comments)

transaction killers: Attorney Transaction Killers Series - A Better Approach to Attorney Review of Real Estate Transactions - Residential Leasing - 08/17/09 05:00 PM


 
As an attorney and a real estate broker, I understand the need for attorney review of some (not all) real estate transactions to protect the interests of the tenant or purchaser.  The first four installments of the "How the Attorney Killed my Real Estate Deal" series discussed how and why a relatively simple lease transaction wasn't consumnated.  In this and the next three installments, I will discuss how to review a residential lease to avoid becoming a case study in the "How the Attorney Killed my Real Estate Deal" series.
A.  Nature of Attorney Review of Residential Leases.
1.  … (3 comments)

transaction killers: Attorney Transaction Killers Series - Rule #4 for Attorney Review of Real Estate Transactions - Stay within your Field of Expertise - 08/17/09 01:03 AM
Rule #4 for Attorney Review of Real Estate Transactions
Don't Undertake the Review of a Real Estate Transaction Unless You
Have the Knowledge, Qualification or Experience to Do So
  
As an attorney and a real estate broker, I understand the need for attorney review of some (not all) real estate transactions to protect the interests of the tenant or purchaser.  However, this "How the Attorney Killed my Real Estate Deal" series will focus on how inexperienced attorneys can inadvertently kill a deal or transaction through overzealous negotiation, risk-proof contract drafting, and plain ineptitude.  For the "How the Attorney Killed … (9 comments)

transaction killers: Attorney Transaction Killers Series - Rule #3 for Attorney Review of Real Estate Transactions - Pick Your Battles Carefully - There is No Such Thing as a Risk Free Transaction - 08/16/09 09:12 PM
Rule #3 for Attorney Review of Real Estate Transactions
Pick Your Battles Carefully
Don't Sweat the Truly Small Stuff or Try to Draft a Risk-Free Transaction
As an attorney and a real estate broker, I understand the need for attorney review of some (not all) real estate transactions to protect the interests of the tenant or purchaser.  However, this "How the Attorney Killed my Real Estate Deal" series will focus on how inexperienced attorneys can inadvertently kill a deal or transaction through overzealous negotiation, risk-proof contract drafting, and plain ineptitude.  For the "How the Attorney Killed my Real Estate Deal" series, … (7 comments)

transaction killers: Attorney Transaction Killers Series - Rule #2 for Attorney Review of Real Estate Transactions - Understand the Impact of Drafting Delays - Time is Really of the Essence - 08/16/09 02:44 AM

Rule #2 for Attorney Review of Real Estate Transactions
Understand the Impact of Drafting Delays - Supply, Demand and Market Conditions
As an attorney and a real estate broker, I understand the need for attorney review of some (not all) real estate transactions to protect the interests of the tenant or purchaser.  However, this "How the Attorney Killed my Real Estate Deal" series will focus on how inexperienced attorneys can inadvertently kill a deal or transaction through overzealous negotiation, risk-proof contract drafting, and plain ineptitude.  For the "How the Attorney Killed my Real Estate Deal" series, you may have to … (29 comments)

transaction killers: Attorney Transaction Killers Series - Rule #1 for Attorney Review of Real Estate Transactions - Don't Change the Agreed Terms of the Transaction by Substituting Your Judgment for Your Customer's Judgment - 08/15/09 11:48 PM

Rule #1 for Attorney Review of Real Estate Transactions
Don't Change the Agreed Terms of the Transaction
by Substituting Your Judgment for Your Customer's Judgment
As an attorney and a real estate broker, I understand the need for attorney review of some (not all) residential real estate transactions to protect the interests of the tenant or purchaser.  However, this "How the Attorney Killed my Real Estate Deal" series will focus on how inexperienced attorneys can inadvertently kill a deal or transaction through overzealous negotiation, risk-proof contract drafting, and plain ineptitude.  For the "How the Attorney Killed my Real Estate Deal" … (17 comments)

 
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Ryan Shaughnessy, Broker/Attorney - Your Lafayette Square Real Estate Partner

Saint Louis, MO

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PREA Signature Realty - www.preasignaturerealty.com

Address: 1709 Park Avenue, Saint Louis, MO, 63104

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A Blog for New Home & Other Sales Professionals and for Sellers and Buyers Interested in City Living PREA Signature Realty proudly serves the communities of Lafayette Square, Soulard, Benton Park, Benton Park West, Downtown Loft District, Forest Park Southwest, Central West End, Tower Grove East, Tower Grove South, Compton Heights, Shaw, The Hill, Dogtown, Carondelet, Holly Hills, St. Louis Hills, Dutchtown, and the Other Historic Neighborhoods of the City of Saint Louis, Missouri.

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