Commercial Lease Disputes in Illinois: A Guide to Landlord and Tenant Litigation
Commercial lease disputes in Illinois are primarily governed by the specific terms of the contract, reinforced by the Illinois Forcible Entry and Detainer Act (735 ILCS 5/9).
Unlike residential leases, courts assume commercial parties are sophisticated, meaning standard consumer protections rarely apply. The stakes are high for both landlords,...
Like-Kind Exchanges Under IRS Code Section 1031
Like-kind exchanges are regulated by Internal Revenue Service Code Section 1031, and sometimes they are referred to as Section 1031 exchanges. For tax purposes, these transactions are not recognized as a sale of property, but rather as a trade of one investment in real property for another. Real estate investors often use...
Five Tips for Negotiating Your Next Commercial Lease
Despite what people may tell you, just about everything in life is negotiable. This is particularly true in the world of commercial real estate. Commercial lease agreements obligating your business to pay a hefty sum in rent each month, but they also include many other critical terms regarding the use of the...
What Every Real Estate Investor Needs to Know About Wholesaling
Wholesaling real estate has become increasingly popular over the past few years in Chicago, particularly the south side and around Cook, Kane and Dupage County in general. In this potentially profitable endeavor, wholesalers sell their properties to buyers who are looking to pick up multiple real estate investments at once. Wholesaling real...
The Law and Policy Behind Like Kind Exchanges
Section 1031 of the Internal Revenue Code, 26 U.S.C. § 1031, allows taxpayers to defer tax recognition of what would otherwise be considered a taxable capital gain when they exchange certain types of property for other property. This section of the law allows taxpayers to avoid paying taxes on...
Entering a Commercial Lease? Get a Real Estate Lawyer.
Starting a new business can be incredibly exciting. Entrepreneurs spend weeks, even months, hunting for facilities and equipment that are just right for their businesses. Typically, this involves pouring over every tiny detail of the building’s layout and amenities, thinking carefully about how it might impact operations or make the...
What Should Happen Before Closing?
Commercial real estate can be a great investment. The best way to make sure your investment is a wise one is to make sure everything is properly addressed during the closing process. M&A Law Firm, P.C. will protect your best interests and help ensure everything involved in the commercial real...
What Commercial Lease Terms Should Be Addressed?
What Do I Need for My SBA Loan?
The Small Business Administration (SBA) offers numerous, valuable opportunities for small business owners. The lending programs of the SBA give small businesses a chance to grow and thrive. Securing >an SBA-backed loans can give your business the opportunity to do things such as invest in commercial property to house your small business....
