Legal Aspects of Real Estate Transactions (2235.YR.006043.1)
General information
Type: |
OPT |
Curs: |
5 |
Period: |
S semester |
ECTS Credits: |
5 ECTS |
Teaching Staff:
| Group |
Teacher |
Department |
Language |
| Year 5 |
Susana Añoveros Terradas |
Derecho |
ENG |
Course Learning Objectives
The objective of this course is to give the students a general, complete and practical view of the most important aspects to take into account when carrying out a real estate transaction.
CONTENT
1. Introduction to the Spanish Real Estate system. General considerations of Spanish Real Estate Law.
Prof.: Susana Añoveros |
2. Preliminary acts and preparatory documents of a real estate transaction: heads of terms, letter of intent. Types of real estate transactions: Asset deal v. Share deal. Analysis of the above-mentioned documents.
Prof.: Susana Añoveros |
3. Legal due diligence. What is a legal due diligence?
What purpose does it serve?
Structure of a due diligence report.
Real Estate due diligence.
Prof.: Susana Añoveros |
4. Sale and purchase agreement. Analysis of the most important provisions of an SPA.
Drafting.
Prof.: Susana Añoveros |
5. Commercial Lease Agreement. Analysis of the most important provisions of a Commercial Lease Agreement.
Drafting.
Prof.: Susana Añoveros |
6. Sale and Leaseback deal. Analysis of this special Real Estate transaction.
Prof.: Susana Añoveros |
7. Structure of a real estate finance deal. Introduction. Heads of terms. Term sheet. Loan Agreement and other Finance documents.
Prof.: Carl Fitzgerald |
8. Loan Agreement (I). Interpretation.
Payment Terms.
Boilerplate.
Representations, undertakings and events of default.
Prof.: Carl Fitzgerald. |
9. Loan Agreement (II). |
10. Subordination. Legal subordination, Structural subordination and Contractual subordination.
Prof.: Carl Fitzgerald. |
11. Final Practical Session Team work, Negotiation exercise.
Q&A
Prof.: Susana Añoveros and Carl Fitzgerald. |
Relation between Activities and Contents
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Methodology
Students are expected to be prepared at the sessions having studied and read the materials given by the lecturers in advance.
Evaluation:
- Written exam: 50% of the final grade;
- Final Practical Session: 30% of the final grade; and
- Class Participation: 20%.
ASSESSMENT
ASSESSMENT BREAKDOWN
| Description |
% |
| Final exam |
50 |
| Final Practical Session |
30 |
| Class participation |
20 |
Assessment criteria
Students can only be assessed if they attend the established minimum number of classes, including lectures and participatory sessions. As a percentage, the minimum is 80% for students sitting the final exam for the first time and 50% for those re-sitting the exam. If students do not meet this condition, their mark will be recorded as "Absent".
These percentages, however, do not include justified absences. Students are required to inform you at least one week before the absence in question, except in cases of force majeure.
The only justifiable absences are those attributed to: (i) illness; (ii) the death of a family member or similar; and (iii) ESADE activities for which students have received approval to attend from Programme Management.
Unjustified absences include trips, driver's license tests, etc.
Bibliography
6.1Legislation
Código Civil
ALONSO GARCÍA, R., Código Civil, (19ª edición), Pamplona. Editorial Aranzadi
__________________________________________________________________________
Ley 29/1994, de 24 de noviembre de Arrendamientos Urbanos
Legislación Hipotecaria. Civitas Biblioteca de Legislación
REAL ESTATE SPANISH SYSTEM
Derecho Inmobiliario Registral
Antonio Montserrat
CIVITAS
_________________________________________________________________________
Derecho Hipotecario (Fundamentos de la publicidad registral. Tomos I y II)
Ramón Mª Roca Sastre
Luis Roca-Sastre Muncunill
BOSCH
6.2Reading materials
CONTRACTS
Elementos de Derecho Civil (II Derecho de Obligaciones) Cuarta Edición
José Luis Lacruz Berdejo
DYKINSON
__________________________________________________________________________
Novísima suma de arrendamientos urbanos
J.V. Fuentes Lojo
J.J. BOSCH EDITOR
FINANCE
Banking and Capital Markets
D Adams ISBN 0 85308 4041
___________________________________________________________________________
Legal Problems of Credit and Security
R Goode ISBN 0421471506
___________________________________________________________________________
Legal Principles in Banking and Structured Finance
M Hughes ISBN 1845922514
GUARANTEES
Contratos de Garantía. Fianza, Hipoteca y Prenda
Torres Mateo, Miguel Ángel
ARANZADI
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Tratado de los Derechos de Garantía. Garantías Personales. Hipoteca
Carrasco Perera, A.; Cordero Lobato, E.; Marín López, M.J.
Thomson-Aranzadi
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Manual de Derecho Hipotecario
Espinosa Infante, José Miguel
DYKINSON
Timetable and sections
| Group |
Teacher |
Department |
| Year 5 |
Susana Añoveros Terradas |
Derecho |
Timetable Year 5
From 2023/9/5 to 2023/11/28:
Each Tuesday from 12:30 to 14:30. (Except: 2023/10/10, 2023/10/17, 2023/10/24 and 2023/10/31)
From 2023/10/10 to 2023/11/7:
Each Tuesday from 12:30 to 14:30.
