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Resort Real Estate and Clubs: Formation, Documentation, and Operation--2005

These materials address a variety of resort development issues and challenges, from land use and financing of resort development to resort governance, amenity disposition, and marketing and sales, all in the context of recreational and second home communities, destination resorts, and resort condominium development. CL009

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Coursebook Forms:

Resort Governance Questionnaire (2005) (16 pp) $29.00

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Excerpt from Resort Ground Lease: Development Requirements and Restrictions (2005) (19 pp) $29.00

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Collateral Assignment - Project Documents (Form) (2005) (7 pp) $29.00

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Collateral Assignment of Sales Contracts and Deposits (Form) (2005) (2 pp)

Excerpt: Borrowing Opinion (Form) (2005) (2 pp)

Hotel Operator's Agreement with the Owner's Lender (Form) (2005) (13 pp) $29.00

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Insurance Provisions from a Resort Hotel Loan Agreement (Form) (2005) (7 pp) $29.00

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Affordability Covenant (2005) (1 pp)

Declaration of Recreational Covenant for Springfield Cottage Lots (Form) (2005) (10 pp) $29.00

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Membership Agreement for Springfield Cottage Golf Membership (Form) (2005) (3 pp)

Beach Club Use and Access Agreement (Form) (2005) (12 pp) $29.00

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Beach Club Community Member Acknowledgment and Agreement (Form) (2005) (3 pp) $29.00

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Marina Issues Checklist (Form) (2005) (6 pp) $29.00

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Golf Reservation Agreement between Resort Hotel and Golf Course Operator (Form) (2005) (6 pp) $29.00

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Declaration of Reciprocal Easements and Garage Operating Agreement (Form) (2005) (26 pp) $29.00

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Letter Agreement Between Developer and Existing Golf Course Owner (Form) (2005) (8 pp) $29.00

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Condominium Hotels (2005) (2 pp)

Declaration of Covenants, Conditions, and Restrictions for Beachside (Form) (2005) (20 pp) $29.00

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By-Laws of Beachside Community Association, Inc. (Form) (2005) (26 pp) $29.00

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Checklist for Creation and Implementation of an Equity Club Plan (Form) (2005) (4 pp)

Checklist for Creation and Implementation of a Right-to-Use Club Plan (Form) (2005) (5 pp)

Membership Plan for Creekside Country Club (Equity Club) (Form) (2005) (8 pp) $29.00

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Membership Policies for Cherokee Ridge Golf Club (Non-Equity) (Form) (2005) (12 pp) $29.00

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Request for No-Action Letter (Form) (2005) (14 pp) $29.00

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The Golf Club at Whispering Pines Reservation and Release Agreement (Form) (2005) (2 pp)

The Golf Club at Whispering Pines Golf Car Lease Agreement (Form) (2005) (3 pp)

The Golf Club at Whispering Pines Private Golf Car Trail Fee Agreement (Form) (2005) (3 pp)

Excerpt from Resort Ground Lease: Development Requirements and Restrictions (Form) (2005) (19 pp) $29.00

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Membership Agreement - Neverland Vacation Club (Form) (2005) (14 pp) $29.00

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Agreement for Transfer of Assets (Equity Club) (Form) (2005) (18 pp) $29.00

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Checklist of Documents To Be Retained for Equity Club (Form) (2005) (4 pp)

Board Resolution Establishing Transition Committee (Form) (2005) (2 pp)

Visitor Questionnaire (Form) (2005) (3 pp)

General Guidelines and Disclaimers for Advertising, Marketing, Materials and Displays (Form) (2005) (6 pp) $29.00

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Limited Power of Attorney in Connection with Reservation-Neverland II Condominium (Form) (2005) (3 pp)

Guide to Preparing a Statement of Record under the Interstate Land Sales Full Disclosure Act (Form) (2005) (35 pp) $29.00

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Checklist for Single Family Residence Exemption from HUD Registration (Form) (2005) (3 pp)

Agreement to Purchase Real Property - Neverland II Condominium (Form) (2005) (10 pp) $29.00

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Coursebook Papers:

The Roles of Tax-Exempt Organizations in Resort Governance (5 pp) $29.00

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Development Agreement between Owner and Development Manager (3 pp)

Table of Contents for Resort Hotel Development Management Agreement (2 pp)

Hotel Management Agreement (4 pp)

Table of Contents for Resort Hotel Operating or Management Agreement with a Brand Name Operator (4 pp)

Sample Lending Guidelines for Golf Court Acquisition, Refinancing, Construction, and Rehabilitation (1 pp)

Core Due Diligence Requirements for Golf Course Refinancing (16 pp) $29.00

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Preliminary Closing checklist for Golf Course Financing (6 pp) $29.00

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Regulatory Concerns Affecting Resort Development (7 pp) $29.00

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Land Use Regulatory Issues (1 pp)

Vested Rights and Invalid Permits (2 pp)

Land Use Regulatory Issues - How Wet Is a Wetland? (2 pp)

Affordable Housing Outline (1 pp)

Developing and Implementing an Amenity Strategy (5 pp) $29.00

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Resort Components - Making the Whole More than the Sum of the Parts (9 pp) $29.00

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Relationships Among Resort Components: Golf and Residential (4 pp) $29.00

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Condominium Hotels and Other Resort Real Estate (9 pp) $29.00

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Avoiding Securities Issue in Connection with Sales/Investor Oriented Real Estate (2 pp)

Resort Governance and Administration (3 pp)

Structure and Documentation of Club Membership Programs (6 pp) $29.00

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Woodlake Golf Club Membership Categories and Privileges Chart (Form) (3 pp)

Condominium Hotels (2 pp)

Time Share Basics (2 pp)

Private Residence vs. Time Share (6 pp) $29.00

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Financing and Sales of Timeshare and Fractional Inventory (2 pp)

Bridging the Gap: Ensuring the Viability of the Golf Club after Turnover by the Developer (3 pp)

Disposition of Amenities - The Legal Issues (19 pp) $29.00

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Outline of Transition Process for Equity Club (3 pp)

Marketing and Sale of Resort Real Estate (3 pp)

Federal Regulation of Land Sales under the Interstate Land Sales Full Disclosure Act (5 pp) $29.00

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Interstate Land Sales Issues in Condominium and Mixed-Use Developments (16 pp) $29.00

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Memorandum to Developer Regarding Exhibits Required for HUD Statement of Record (7 pp) $29.00

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Selected Exemptions from Registration Requirements of the Interstate Land Sales Full Disclosure Act (17 pp) $29.00

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Memorandum to Developer Regarding HUD Single Family Lot Exemption (5 pp) $29.00

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Memorandum Regarding Request for Regulatory “Substantial Compliance” Exemption from HUD Registration Requirements (12 pp) $29.00

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Memorandum Regarding Advertising and Sales Practices under the Interstate Land Sales Full Disclosure Act (3 pp) $29.00

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Summary of Civil and Criminal Penalties for Violations of Interstate Land Sales Full Disclosure Act and Regulations (2 pp)

Outline - Ethics and Professionalism (2 pp)

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