Real Estate Counsel Transaction Services

The vendor is required to provide real estate legal services, such as and including the following services and deliverables:
• Represent the university, as purchaser, in the negotiation of a leasehold condominium transaction, including purchase and sale agreement, ground lease and condominium documents (including declaration and by laws) to create a leasehold condominium. 
• Oversee condominium formation on behalf of the university, as purchaser. 
• Represent the university, as purchaser, at the closing to purchase the leasehold condominium units and prepare related closing documents and prepare and submit forms needed to be filed. 
• Prepare all documentation needed to successfully achieve a real estate tax exemption under state real property law, § 420-a. 
• Negotiate interim lease agreements on behalf of the university as purchaser-tenant to permit the use of the space between the execution of the purchase and sale agreement for the leasehold condominium units and the closing under the purchase and sale agreement. 
• The university (as purchaser-tenant) on addressing legal aspects of permits including modifications to the existing certificate occupancy, if any, needed for the space to be permissibly used for the intended use. 
• The university as a party in the negotiation of purchase and sale agreements for property, including for commercial condominium units, including for retail use, and all other related and ancillary documents, and prepare related closing documents and prepare and submit forms needed to be filed. 
• The university (as purchaser-tenant) on addressing legal aspects of permits including modifications to the existing certificate occupancy, if any, needed for the space to be permissibly used for the intended use. 
• The university, as a party in the negotiation of ground leases, lease agreements, sublease agreements, including those with purchase options and negotiation of subordination, non-disturbance and recognition agreements and all other related and ancillary documents. 
• The university as a party to license agreements and development agreements for construction, and all other related and ancillary documents.
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: July 9, to July 17, 2025