Companies and individuals frequently co-own real estate with others. Over time, what started out as a good working relationship between co-owners, may devolve into acrimony if they are unprepared or unable to collaboratively resolve management and operational issues. When co-owners are at loggerheads, issues relating to important matters, such as leasing, expenses, profits-splitting, financing and development, often cannot effectively be addressed. In the absence of a well-conceived "prenuptial" agreement, such circumstances could lead to costly litigation – and unforeseen circumstances for each party.
In this program, we discuss strategies for avoiding crippling co-ownership disputes before they arise, and the solutions that are available to co-owners when they do. Specifically, we will cover:
Pre-Acquisition Co-Ownership Agreements
Helpful Provisions in LLC or Partnership Agreements
Non-Litigation Solutions (Buy-Outs, Lot Line Adjustments; 1031 Exchanges
Hanson Bridgett partners, Michael Donner, Michael McNaughton and Melissa Vancrum, will lead what is certain to be lively and informative discussion.
MCLE Credit: Hanson Bridgett LLP is an approved Minimum Continuing Legal Education provider. This activity is approved by the State Bar of California as a participatory activity for MCLE. Hanson Bridgett LLP certifies that this activity conforms to the standards of approved education activities prescribed by the rules and regulations of the State Bar of California governing continuing legal education.
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Hanson Bridgett has been an integral part of the San Francisco Bay Area’s legal landscape since 1958. With offices on either side of the Golden Gate Bridge – in San Francisco and the North Bay – as well as in Sacramento and the East Bay, we seek to stay ahead of an ever-changing legal world while holding tight to the value of maintaining close client contact. This emphasis on the needs of clients extends from our 150 attorneys to the bright and devoted support staff that works alongside them.