Syllabus 2007/2008 VFRN05

Syllabus academic year 2007/2008

PURCHASING COMMERCIAL REAL ESTATE

VFRN05

Higher education credits: 7,5. Grading scale: TH. Level: A (Second level). Language of instruction: The course will be given in Swedish. VFRN05 overlap following cours/es: VFR065 och VFR065. Optional for: L4fr, L4fu. Course coordinator: Professor Ulf Jensen, ulf.jensen@lantm.lth.se, Fastighetsvetenskap. Prerequisites: VFR140 Introductory law and real estate law and VFT085 Spatial Planning. The course might be cancelled if the numer of applicants is less than 15. Assessment: Participation in project works and a final examination. Further information: The course is taught in Swedish and may be cancelled if less than 15 students apply. Home page: http://www.lantm.lth.se.

Aim
The objective of the course is to address the main problems that arise when purchasing and selling commercial real estate.

Knowledge and understanding
For a passing grade the student must

Be able to:

Apply the regulations concerning real estate purchases as found in the Swedish Land and Environmental Codes;
Understand how the regulations as found in the Swedish Land Code concerning purchases are invoked in individual situations;
Understand the functions and mechanisms involved in a construction contractor's agreement; and
Analyze individual contracts concerning real estate purchases and construction contracts.

Skills and abilities
For a passing grade the student must

Be able to:

Draft a contract for the acquisition of real estate, for a seller as well as a buyer; and
Negotiate with an opposing party within these areas.

Judgement and approach
For a passing grade the student must

Be able to identify the risks that can arise with the acquisition of commercial real estate and understand his or her own limits as to the ability of how to handle such situations.

Contents
The focus of the course is on acquisitions of commercial real estate from a purchase perspective. The assumption here is that these contracts deviate significantly from the default rules that can be found in the Swedish Land Code. An important facet is the effect the environmental law regulations have on acquisitions, more specifically, how the liability for immissions is allocated between previous owners, sellers and purchasers, as well as the state. The course also addresses the more important components with respect to the law concerning construction contractors.

Literature
Grauers, Fastighetsköp
Höök, Entreprenadjuridik, latest edition, Norstedts juridik
AB04
Compendiums with form contracts