Many businesses rent commercial real estate initially because they are unsure of their needs or their company's chances of success. However, organizations with a track record of success or substantial funding may decide to purchase real property. Buying undeveloped or...
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Real Estate
Tips for negotiating a commercial real estate purchase agreement
Illinois commercial real estate is big business. Illinois Policy reports that Chicago has the second highest commercial property taxes in the United States. With so much money on the line, it’s no surprise negotiating real estate purchase agreements can feel...
Consider these points when you negotiate a retail lease
In Illinois, a commercial retail lease is a contract negotiated between a tenant and a landlord to rent a retail space. Understanding the lease structure and terms is crucial in securing a favorable deal and knowing which parts of the lease you can negotiate and how...
Mistakes to avoid when selling your house
When navigating a real estate transaction, it is important to ensure you are not making a critical mistake. There are many real estate laws that can get in the way of maintaining your best interests, and some mistakes are more common than others for people who are new...
Understanding the mechanic’s lien
When work is done on your Illinois home, you typically pay the general contractor hired to complete the project. However, the contractor will likely hire other parties to supply products or complete tasks related to your home improvement project. If any party related...
Tips for purchasing a commercial building
Are you considering the purchase of a commercial building in Illinois? Buying commercial real estate can be challenging, especially if you're doing so for the first time. Doing your homework goes a long way to ensure that your intended property is a good investment....
Understanding how zoning changes affect real estate
Entrepreneurs looking to buy real estate in Illinois for their next venture sometimes must apply for zoning changes to realize their dreams. Even if the current zoning is applicable, you may need a variance for your intended use. Here's how to proceed when facing your...
What you should know about mechanic’s liens in Illinois
Mechanic's liens are highly common for any type of construction job. In this industry, things don't always go as expected, and it's often out of the workers' hands. Whenever there are payment disputes in a real estate project, mechanic's liens are the way that these...
When is a quiet title lawsuit necessary in Illinois?
In Illinois, there are occasions where an owner of a property may encounter issues with the title, making it impossible for them to sell, pass it along to their heirs or do what they want with it. If you are having a title dispute, here's what you need to know about...
How do you sell commercial property?
Commercial real estate might be in high demand in Illinois, but that doesn't mean that you're guaranteed to make a sale. You'll still have to make the property look appealing and figure out how to compete with other sellers on the market. What's the best way to sell...