Preface |
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xv | |
Acknowledgments |
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xvii | |
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Chapter 1 Land Acquisition |
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1 | (14) |
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Approaching the Landowner |
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2 | (1) |
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3 | (4) |
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7 | (4) |
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11 | (4) |
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Chapter 2 Contracting to Acquire Project Property |
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15 | (32) |
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15 | (1) |
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16 | (2) |
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The Due Diligence or Study Period |
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18 | (1) |
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19 | (2) |
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21 | (1) |
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"Subject to Financing" Clause |
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22 | (7) |
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Warranties and Representations |
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29 | (2) |
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"Subject to Rezoning" Clause |
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31 | (3) |
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Marketable Tide Clauses---Express and Implied |
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34 | (5) |
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"Time Is of the Essence" Clause |
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39 | (2) |
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41 | (1) |
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42 | (5) |
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Chapter 3 Environmental Concerns |
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47 | (22) |
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Contract of Sale Disputes |
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47 | (1) |
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48 | (1) |
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48 | (1) |
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48 | (1) |
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49 | (1) |
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50 | (1) |
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50 | (6) |
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Indemnification Agreements |
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56 | (1) |
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57 | (1) |
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57 | (2) |
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59 | (1) |
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59 | (1) |
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60 | (1) |
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Environmental Consultants |
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60 | (1) |
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61 | (1) |
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62 | (1) |
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62 | (2) |
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64 | (1) |
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The Tax Status of Cleanup Costs |
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65 | (1) |
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65 | (1) |
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66 | (1) |
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66 | (1) |
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67 | (1) |
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67 | (1) |
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67 | (2) |
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Chapter 4 Acquisition Techniques Other Than Executory Contracts |
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69 | (42) |
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Installment Land Sale Contracts |
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69 | (3) |
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Creditors' Rights to Reach Contract Interests |
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72 | (1) |
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Mortgaging the Purchaser's Interest |
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73 | (1) |
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74 | (1) |
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75 | (1) |
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Closing an Installment Contract |
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75 | (1) |
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76 | (5) |
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81 | (1) |
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82 | (1) |
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Ground Lease Negotiations |
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83 | (14) |
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Take-Back Financing and the Subordination Agreement |
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97 | (5) |
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Subordination Lien Circuity |
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102 | (3) |
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105 | (6) |
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Chapter 5 Forming and Capitalizing an Entity for Acquiring Title |
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111 | (22) |
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The Limited Liability Company |
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113 | (2) |
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An LLC Compared to a General Partnership |
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115 | (1) |
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An LLC Compared to a Limited Partnership |
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115 | (1) |
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An LLC Compared to a Subchapter S Corporation |
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116 | (1) |
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117 | (3) |
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A Developer's Use of These Entities |
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120 | (1) |
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121 | (1) |
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Drafting an LLC's Operating Agreement |
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122 | (6) |
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A Developer as a Fiduciary |
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128 | (2) |
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Securities Acts' Liability |
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130 | (2) |
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132 | (1) |
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Chapter 6 Taxes and Investments in Real Property |
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133 | (14) |
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133 | (3) |
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Deferring the Recognition of Gain |
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136 | (1) |
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Business or Investment Property |
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136 | (1) |
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137 | (1) |
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138 | (1) |
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Investments in Real Estate |
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139 | (1) |
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Examining the Setup for a Project |
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140 | (5) |
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The Difference Between Income and Cash Flow |
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145 | (2) |
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Chapter 7 Preparing for Construction |
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147 | (44) |
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An Overview of the Construction Process |
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147 | (1) |
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148 | (1) |
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Project Planning and Design |
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149 | (3) |
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An Architect's Duty to Prepare Plans and Specifications |
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152 | (8) |
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160 | (1) |
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Selecting the General Contractor |
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161 | (1) |
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161 | (1) |
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Construction Contract Agreements |
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162 | (6) |
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168 | (2) |
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Other Provisions in Construction Agreements |
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170 | (3) |
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General Conditions in Construction Agreements |
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173 | (1) |
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The Role of the Subcontractor |
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173 | (2) |
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175 | (2) |
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Scope and Inclusiveness of Mechanic's Lien Statutes |
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177 | (1) |
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177 | (1) |
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177 | (4) |
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181 | (4) |
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185 | (2) |
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187 | (1) |
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An Updated Construction Process |
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188 | (2) |
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190 | (1) |
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Chapter 8 Construction Lending Agreements |
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191 | (34) |
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The Construction Lending Process |
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191 | (1) |
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191 | (1) |
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Types of Construction Lenders |
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192 | (2) |
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194 | (2) |
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Appraisals of Commercial Real Estate |
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196 | (1) |
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197 | (3) |
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The Construction Loan Commitment Letter |
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200 | (6) |
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Reverse-Engineering: Doing the Deal Backwards |
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206 | (1) |
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The Construction Loan Agreement |
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206 | (6) |
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The Construction Note and Mortgage |
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212 | (1) |
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212 | (1) |
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The Construction Loan Mortgage |
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213 | (6) |
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Business and Financial Covenants |
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219 | (3) |
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Protecting the Construction Lender |
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222 | (3) |
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Chapter 9 Equity Financing and Investors |
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225 | (20) |
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225 | (1) |
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Waterfalls for Commercial Real Estate |
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226 | (2) |
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The Position of the Mezzanine Financier |
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228 | (15) |
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Securities Acts' Exemptions for Equity Investors |
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243 | (2) |
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Chapter 10 The Permanent Mortgage |
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245 | (20) |
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245 | (5) |
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250 | (3) |
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253 | (6) |
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259 | (6) |
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Chapter 11 Leasing the Project |
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265 | (64) |
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267 | (1) |
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267 | (1) |
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268 | (1) |
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268 | (4) |
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272 | (5) |
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Possession and the Commencement of the Term |
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277 | (6) |
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283 | (3) |
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Rent Escalation Covenants |
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286 | (1) |
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287 | (4) |
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291 | (2) |
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293 | (1) |
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Subordination and Nondisturbance |
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293 | (5) |
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Telecommunications Access |
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298 | (1) |
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Assignments and Subleases |
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299 | (4) |
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Work Letters and Tenant Improvement Allowances |
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303 | (2) |
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Compliance with Statutes, Laws, Ordinances, Etc. |
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305 | (2) |
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Leasing Shopping Center Space |
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307 | (5) |
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312 | (4) |
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Restrictive and Exclusive Use Covenant Remedies |
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316 | (2) |
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Continuous Operation Covenants |
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318 | (5) |
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323 | (6) |
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Chapter 12 Planning to Exit a Project |
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329 | (34) |
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334 | (2) |
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Deed in Lieu of Foreclosure |
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336 | (8) |
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344 | (5) |
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349 | (7) |
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Converting Business Property into a Residence |
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356 | (7) |
Index |
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363 | |