Drafting & Negotiating Reciprocal Easement Agreements (REAs)
Understand the essential concepts in every REA, and the interests and perspectives that property owners, anchor tenants, and lenders bring to the table
- Product Number: 2210302WAU
- Publication Date: 6/9/2021
- Length: 1 Hour CLE Credit Note
- Copyright: © 2021 MCLE, Inc.
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Product Description
Product Description
THE 60-MINUTE LAWYERReciprocal Easement Agreements establish a framework for shopping centers, industrial and office parks, and mixed-use projects, enabling them to operate as a unified development. The parties owning the parcels that comprise the overall property, and sometimes the major (anchor) tenants, enter into a written agreement to provide for reciprocal easements, construction and operating agreements, layout, parking ratios, and other essential elements in a form of private zoning arrangement to govern dimensions of buildings, permissible uses, hours of operation, and other matters.
The panelists address why REAs are necessary, goals for the respective parties, forms commonly used, traps for the unwary, and practical solutions to resolve common issues in negotiating, as well as tips when representing parties to a prospective REA.
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Agenda
Agenda & Materials
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9:30 - 9:32 am
What Is the Purpose of an REA?
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9:32 - 9:43 am
REAs: Restrictions
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9:43 - 9:50 am
Easements
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9:50 - 9:57 am
REAs: Who Maintains? Who Pays?
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9:57 - 10:08 am
REAs: Perspectives of Owner, Anchor Tenant and Lender
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10:08 - 10:18 am
REA Concerns for Owner's, Anchor Tenant's and Lender's Counsel
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10:18 - 10:25 am
Key Takeaways
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Please Note
MCLE on demand programs are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only through a link included on the on demand program page.
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