The ongoing health crisis has had a decidedly problematic impact on landlords and tenants in Illinois and across the nation. Federal and state governments have been taking various steps to provide protection to those who are facing challenges because of it. While...
Commercial Real Estate
What is a quiet title action, and when may you need to file one?
Part of selling or purchasing property in Chicago is performing a title search. A title search will uncover any defects on the title, including whether a third party has a claim to the property. If a title search uncovers a title defect, it may be possible to have the...
Elements of a real estate contract
Contracts are an important part of most real estate transactions. Contracts are used to outline the rights and obligations of parties to an agreement. It is helpful for those parties to understand the elements of a contract, what makes them valid and how to enforce a...
Commercial leases: often challenging, complex contracts
The celebrated poet Carl Sandburg once wrote a poem that now memorializes forever the vast and vibrant Chicago metropolitan area. Appropriately entitled “Chicago,” Sandburg’s ode to the city, its inhabitants and myriad industries highlights the metro’s pulsing and...
Get Paid! Collecting on Commercial Debt: The Philosophy of the Fight
By Adam Whiteman, Commercial Collection Attorney Walking into a courtroom with a brief case full of arguments is much the same as walking into a saloon in the Old West and demanding justice. It’s a fight. There are no two ways about it. Once a debtor has decided you...
Things to keep in mind before investing in commercial real estate
There are several ways for individuals with disposable income to grow their wealth. Investing in real estate is one. Individuals can invest in commercial or residential, but before getting started with commercial properties, there are some things to keep in mind....