All in the Family: Estate Planning for the Vacation Home

The allocation of risk accomplished by indemnification agreements is often a hotly negotiated term of real estate contracts and leases and, when not negotiated, frequently are not in compliance with applicable state indemnification laws or do not reflect the basis axim that liability should follow control. Unbalanced indemnification provisions frequently arise from unbalanced negotiating positions. This panel will address the nuts and bolts of indemnification agreements and insurance contracts, analyzing how indemnification agreements require one party (the indemnitor), bear the risk of claims against the other party (the indemnitee) for loss and damages claimed by a third party. The role of insurance in providing a source of funds for indemnification obligations will be addressed. Indemnification and insurance provisions are standard requirements of PSAs, leases, and construction contracts. Standalone indemnity agreements are also frequently employed to balance the rights of a counterparty with its obligations. Informed counsel must recognize how to protect client interests by deftly structuring indemnification provisions, taking into account state law and respective risks and control in careful drafting. Listen as our authoritative panel discusses current trends and practical strategies in negotiating these provisions, as well as the advanced arguments made by the parties to these instruments.

You'll learn how to: - Reduce waste and rework, and increase profits - Closeout projects fast and step onto new jobsites even faster - Make your team invaluable to your owner and general contractor - Continuously improve your workflows

Some of the most overlooked but potentially costly lease provisions address pre-leasing improvements, build-out, repair, and maintenance issues. Provisions regarding the build-out of premises must address cost issues, completion dates and delays, warranties, and defects. Maintenance and repair provisions address critical issues of reasonable repair period, rent abatement, lease termination, waivers of tenant rights, breach of implied warranty of suitability, and tenant self-help remedies. Parties must also address obligations to restore property after a casualty loss. Listen as our authoritative panel of commercial real estate practitioners discusses drafting and negotiating lease provisions regarding pre-commencement improvement, build-out, and functional maintenance and repair, as well as indemnification provisions to allocate risk.

In the current economic environment, increasing interest rates and inflation are impacting investment, development and financing in the seniors housing sector. What impact, if any, will rising interest rates and inflation have on seniors housing valuation over the short and long term? Tune in to Seniors Housing Business’ May 12th valuation-themed webinar, the first in a series of three 2022 webinars examining the industry’s investment outlook. Valuation & Information Group is sponsoring the webinar series. This first webinar, “Inflation and Rising Interest Rates – Doom or Boom for the Seniors Housing Industry?”