Chapter 12 – Contracts and Contract Preparation

• Basic concepts of contract law.

• The essential elements of a valid contract.

• How the statute of frauds applies to contracts.

• How contracts may be terminated.

• What information is needed to prepare a sales contract.

Chapter 12-A – Leases

• How to distinguish among the different types ofleasehold estates.

• The purpose of different types of lease options.

• How covenants affect lease contracts.

• How leases may be terminated and when it is acceptableto begin the process of eviction.

• The difference between rent control and rentstabilization.

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