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Real Estate and Banking

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Real Estate and Banking

Real estate transactions are often complex, and one mistake may be very costly. The consequences of those mistakes may not even appear until years later, when it is too late. It is for this reason that it is imperative to have a real estate lawyer by your side who can ensure those mistakes are not made, and that any real estate transaction you embark on goes as smoothly as possible. From acquisitions to evictions, there are many laws in Illinois that govern real estate transactions and an attorney will ensure that you and others comply with them.

Services Real Estate Lawyers Can Help With

There are many areas of real estate in which an attorney can help. Some of these include:

  • Real estate acquisitions: An Attorney can assess the current market value of a property or building whether it is commercial, industrial, residential, office, retail or mixes use and conduct purchase agreement negotiations, and advise on the suitability for intended use.
  • Banking and Financial Issues. Any real estate transaction will have multiple financial issues, documents that have to be signed, and loan agreements. It is often extremely hard for individuals to understand everything these issues entail, and to negotiate loans and take care of all of the other financial issues involved. This is particularly true when a person has not navigated a real estate transaction before. Chicago real estate lawyers are extremely well-versed in Illinois real estate law, will understand the documents and negotiations involved, and will help ensure that the entire transaction proceeds as smoothly as possible.
  • Construction and development: There are many phases of construction and development of properties. An attorney can help construction companies, developers, and builders through every stage from site selection to ribbon-cutting ceremonies.
  • Lease issues: A sophisticated real estate attorney will draft or negotiate a lease for commercial, industrial, residential, office, retail or mixes use properties for either the Landlord or Tenant and can advise a client on all aspects of the lease or tenancy relationship including obligations, right and responsibilities of both parties

Any time someone faces these issues, they must speak with an Illinois real estate lawyer who can help.

Evictions

No one wants to think about being evicted from a residential or commercial property, but sometimes it does happen. In Illinois landlords reserve the right to evict tenants who do not pay their rent or breach the terms within their lease. Residential and commercial evictions within the state are governed by the Illinois Forcible Entry and Detainer Act. This Act provides strict requirements pertaining to the notice of eviction and enforcing an eviction order. Once eviction proceedings are started, they will typically end with a hearing in court that allows each side to argue their case. If the judge issues a writ of possession, the tenant will have to vacate the premises.

An Illinois Real Estate Lawyer Can Help With Any Transaction

Whether you are facing eviction or are interested in acquiring new property, our Chicago real estate lawyers at Harrison & Held, LLP, can help. We will always inform you of your rights and ensure they are upheld, and help your transaction proceed as smoothly as possible. Do not handle any real estate issue on your own. Call us or contact us online to get the help you need.

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