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The legal counsel’s major role is to protect the charter school’s interests during the development’s earliest concept stage through the facility’s ribbon-cutting ceremony. He or she negotiates legal issues, drafts legal agreements the charter school enters into (or reviews other legal counsel’s drafts), and advises the charter school at critical points (i.e., negotiating a lease with a prospective landlord, purchasing a building, finalizing a construction contract, reviewing loan documents). It is important that you use a legal counsel with experience in local real estate, because real estate practices often vary significantly by location. Depending on the nature of the project and type of financing, you may need to solicit specialized legal advice.
Nothing in this material should be construed as investment, financial, brokerage, or legal advice. Moreover, the facts and circumstances relating to your particular project may result in material changes in the processes, outcomes, and expenses described herein. Consult with your own professional advisors, including your financial advisors, accountants, and attorneys, before attempting to consummate any transaction described in this material.