What are the responsibilities and job description for the Real Estate Paralegal position at Prospect14?

Job Description

Prospect14 focuses on the scaled origination and development of renewable energy and energy storage projects in multiple markets in the United States. Since its inception, Prospect14 has originated approximately 5GWdc of solar and solar storage projects.

Prospect14 is developing utility-scale and community solar energy projects across North America. We enable landowners, power purchasers, and later-stage project developers to participate in the rapid growth of the solar energy market.

Position Overview – Real Estate Paralegal

As part of our growing team, we are seeking a seasoned Real Estate Paralegal. The successful candidate's primary responsibilities will be to oversee lease option agreements, track payments and manage title review and curative work for solar and battery storage development projects. This is a crucial role in securing land rights, ensuring compliance with legal and regulatory requirements and facilitating the development of solar and battery storage energy projects. The successful candidate should also real estate and corporate paralegal skills. Attention to detail, strong writing skills and knowledge of land management and title processes will contribute to the success of the Prospect14 team. This position will initially report to the Real Estate Manager, while working closely with various internal teams.

This position is hybrid with a required 3-4 days in office (Ardmore, PA).

The Real Estate Paralegal's work will support several functional areas of Prospect14's business :

Real Estate Matters

Support the Real Estate Department in perfecting documentation related to real estate acquisitions / solar lease option agreements, identifying title deficiencies post-acquisition, and curing title deficiencies in preparation for option execution or project sales and transactions;
Support Prospect14's Land and Origination teams in due diligence of potential project acquisitions, including document review and pre-closing due diligence;
Prepare and coordinate the execution of real estate agreements, such as lease and easement agreements (and associated memoranda, amendments, estoppels and terminations) and various other land and title documents, in coordination with Prospect14's Land, Development and Transaction teams;
Receive real estate documents, including option agreements, leases, easements, and memoranda; log, scan, and save these documents in organized digital and paper files;
Enter and maintain data related to these agreements in Prospect14's databases;
Prepare cover letters and / or emails to landowners and county recorders' offices communicating payments, notices, and recordable documents; and
Record memoranda of options and leases, and easement agreements, with county recorders of deeds.

Title Matters

Conduct thorough title examinations to identify any defects, liens, or encumbrances on properties and work to resolve title issues through curative actions.

Prepare title curative documentation (i.e. Subordination and Non-Disturbance Agreements, Affidavits of Non-Production, Surface Rights Waivers) and work with landowners to obtain executed documents.

Coordinate with Prospect14's internal departments, surveyors, title abstractors, and title insurance underwriters to resolve complex title issues, including quiet title actions, surface rights waivers, boundary disputes, and easement conflicts.

Collaborate with title insurance companies to secure appropriate title insurance policies for project properties, including preparation and negotiation of title insurance endorsements, exceptions, and special coverage requests as needed.

Maintain up-to-date knowledge of title insurance regulations, requirements, and best practices to ensure compliance and mitigate risks.

Work closely with project development teams to assess and mitigate title-related risks and liabilities throughout the project lifecycle.

Maintain accurate records and documentation related to title curative actions, insurance policies, endorsements, and related correspondence.

General Matters

Coordinate with Accounting personnel regarding landowner payment details;

Maintain landowner and related key contact data in Prospect14's databases and maintain calendars of key events for the Real Estate and Legal teams;

Generate real estate reports for executive team / communicate real estate issues and progress as needed; and

Support the administrative aspects of Company management including development and improvement of processes, metrics, and reports for our internal use and reporting to investors and other stakeholders,

Requirements :

5 – 8 years of relevant experience

Strong organizational, time management, and oral and written communication

High attention to

Ability to prioritize and meet deadlines without sacrificing quality of work

Ability to work independently and collaboratively, depending on the

Excellent interpersonal

Excellent writing skills with ability to draft and review real estate and title curative documents independently.

Experience in reviewing title work

Proficient in Smartsheets or other lease or land related database(s) or platform(s)

MS Office Products, including Word, Excel, Outlook, and

Preferred Qualifications :

Multi-parcel real estate experience

Experience with oil, gas and coal matters in commercial real estate

Experience with commercial real estate transactions.

Benefits

Company sponsored medical, dental, and vision.

Company sponsored short-term and long-term disability.

401k with company match.

Unlimited paid time off.

Company Paid Holidays

Additional benefits in Prospect14's highly competitive Package.

Equal Employment Opportunity

Prospect14 provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. We believe that a diverse team is a better team. The perspectives and experiences that people from different backgrounds bring to a company drive better decisions and improved results. Prospect14 is committed to a culture of inclusion and believes that diversity drives the best results.

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