The New Condominium Act: What Attorneys Need to Know by January 1

Because this is a CD audio seminar you enjoy:

• Fast, convenient learning without any out-of-office time lost;
• No travel-related expenses or complications;
• The perfect affordable way to update yourself rapidly on current laws.

Are you familiar with the important provisions of the Tennessee Condominium Act of 2008? The Act takes effect January, 1, 2009. Learn how to prepare by participating in the all-new audio conference from Tennessee Attorneys Memo, The New Condominium Act: What Attorneys Need to Know by January 1.

In just 90 minutes Lee Corbett, chair of the committee that drafted the new legislation, will guide you through the Act's four parts, including:

• General Provisions
• Creation, Alteration, and Termination of Condominiums
• Management of the Condominium
• Protection of Condominium Purchasers

You'll learn the key provisions for the establishment, creation, alteration, termination, and management of condominiums, including:

• The new act differentiates between residential and commercial projects.
• The new act provides default provisions where the declaration is silent.
• The new act requires developers of new residential projects to provide certain documents to buyers, who have a right of rescission if not supplied.
• The new act obligated associations to provide purchasers and lenders certain basic, readily obtainable information regarding the project.

December 4, 2008

W. Lee Corbett chaired the Condominium Law Revision Subcommittee of the Tennessee Bar Association Real Estate Committee that drafted the Tennessee Condominium Act of 2008.

Lee is licensed and has been admitted to practice in all of the state and federal courts in Tennessee, as well as the United States Supreme Court. He is a member of the Nashville, Tennessee, and American Bar Associations, and is a member of the committees on Business Law, Taxation, and Real Property, Probate and Trust Law of the American Bar Association, as well as the corresponding committees of the Tennessee Bar Association.

Lee is a past chair of the Tennessee Bar Association's Real Estate Committee and currently serves on it Executive council. Lee is listed in the Commercial Law and Real Estate Law Sections of the Bar Register of Pre-Eminent Lawyers.

Recent major transactions in which Lee has served as lead counsel include the acquisition and disposition of businesses and business entities, term loans, lines of credit and expansion loans for industrial and commercial clients, revolving loans to business and industrial clients, employment agreements and non-competition and non-disclosure agreements, sales agency, and distributorship agreements, real estate acquisition, development and construction loans for, and syndication of, residential housing and apartment developments, financing transactions for business and real estate ventures, and commercial litigation, arbitration and mediation relating to the above matters.

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