Real Estate & Property Law
The study of Real Estate and Property Law includes the study of the law governing the development cycle, including land use, community development, construction, leasing, and sales of real property. The financing of real property and improvements is particularly important, including lending secured by real property (whether for construction or as permanent financing), the remedies available to secured lenders with real estate as collateral, consumer protection in real estate finance, the bankruptcy of owners or users of real property, and the secondary market for real estate debt. The structure of equity investment in both the private and public capital markets and the tax implications of owning, operating, and financing real property are likewise significant. The regulation of the uses of real property and particularly of the environment is a key element of the field, as is housing policy. Students planning to practice as real estate lawyers should consider a wide variety of courses touching on many aspects of business, local government, and environmental law as well as courses focusing specifically on real estate.