Clinic - Corporate and Real Estate

This transactional clinic offers students the unique experience of representing low-income cooperative boards of directors as "house counsel". Buildings range in size from six units to fifty units and are located in Brooklyn, the Bronx and Manhattan. A few client matters also involve not-for-profit corporations and initial cooperative conversions. Students work primarily on loan closings, co-op unit closings, shareholder meetings and by-law and proprietary lease amendments. Some students are also involved in devising model policies and seminars for the benefit of all clients. All of the projects require preparation of comprehensive but concise documents and creative application of corporate statutes and techniques in order to meet clients' goals. Examples of specific student tasks on behalf of a co-op include: a) reviewing title reports and loan documents, b) preparing corporate resolutions, c) handling closings and preparing closing statements, d) negotiating contracts of sale, e) issuing share certificates and f) drafting amendments to corporate documents. Recommended courses are corporations, real estate practice and law of cooperatives and condominiums Seminar Credits: 2.00 Seminar: The clinic includes a 2-credit seminar with weekly discussion of the applicable substantive laws as well as drafting exercises, simulations, client presentations and occasional guest speakers.

Enrollment Notes:
The clinic enrolls students each semester.