Adam Klausner is a senior lecturer at the Cornell SC Johnson College of Business. He teaches courses in law: Real Estate Law (HADM 4870), Internet Law (HADM 4890), and Law for Entrepreneurs (HADM 4800/6800), and the graduate class Real Estate Law (HADM 6870). Adam is also a practicing corporate, business and real estate lawyer with 30 years’ experience. He provides counsel to a range of companies in fields that include real estate development, hospitality, software, technology, and manufacturing. Adam also represents non-profit organizations, including groups dedicated to the promotion of culture, music, education, international development, history, and the environment.
In real estate development, entitlement is the legal process where an owner or developer obtains governmental approval for their project. As seasoned developers and investors know, successfully navigating the entitlements process is a critical milestone for every development project. Even if a development project plan appears to meet all criteria, it does not guarantee approval — and without approval, there is no project. Getting through the entitlements process can be complicated as approval can depend on any number of factors. Therefore, it is critical to identify potential challenges and risks then take the necessary steps to mitigate them.
In this course, you will analyze the entitlements process, consider factors such as variances and permits, and make suggestions to mitigate risks and resolve common entitlement challenges. You will also design a subdivision strategy with the goal of anticipating entitlement risks and challenges. Finally, you will attempt to tackle common disputes and legal challenges that can arise during the entitlements process. After successful completion of this course, you will have practiced critical skills that will help you navigate the entitlements process.
Key Course Takeaways
- Identify and mitigate risks and challenges associated with the entitlements process
- Design a subdivision strategy that takes into account the entitlements process
- Propose resolutions for common legal challenges
How It Works
Who Should Enroll
- Real estate brokers
- Real estate developers, funds, REITS, and advisory firms
- Real estate asset managers, property managers, and project managers
- Commercial leasing agents
- Professionals involved with real estate financing and investments
- Anyone who owns real estate