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Replacement of HVAC Systems in Commercial Leases: Who Bears the Costs?

Commercial leases come with several terms, conditions and legal clauses that impact the property owner as well as the tenant with what may be involved, how the lease functions and what is paid. Typically, the lease specifics cover who pays for what service or commodity, the repairs and maintenance that need to be paid for and other relevant issues. This eventually determines whether the costs are shared between the tenant and the landlord or one party bears all the expenses. One must consult a real estate lawyer in case a conflict arises. The H... Read more

Common Causes of Real Estate Disputes

Real estate disputes can occur in a variety of situations, especially in the state of Illinois. You should seek advice from an experienced real estate attorney to resolve these disputes. However, learning more about the common causes of these disputes ensures that you can make the right choices and avoid problems when buying or selling real estate properties. Here are a few common causes of real estate disputes: Bad Repairs A common practice in closing real estate deals is that the buyer asks the seller to make some specific repairs on the prop... Read more

Understanding Child Tax Credit with Divorce

Child tax credit is important if you have dependent children in your family. The tax credit is levied in the United States when the income of a family is less than $110,000 a year. However, with divorced parents, the situation may be complex, especially in the state of Illinois. Although an experienced family lawyer can offer the best advice, it is important that you learn how the tax credits may apply to you after divorce. Here are some important details: No Child Tax Credit in Illinois Illinois is a state that offers earned income tax credit ... Read more

Fighting Foreclosure Requires Preparation and Help

Foreclosure is a harsh reality and comes without prior notice. It happens because every mortgage is legally covered, by contractual term, that a foreclosure will occur in case of non-payment. Ideally, avoiding circumstances that lead to foreclosure in Illinois is the best course of action, but financial hardships can make it difficult. You need the help of an experienced lawyer in this case, who can help you avoid a foreclosure. The Initial Process Learning about foreclosure allows you to prepare yourself better. Most of the mortgage laws appli... Read more

Child Support Payments – The Harsh Reality of a Divorce

A divorce does not free you of your liabilities and legal responsibilities towards your partner or your children. Even with a divorce and not having custody, you can be held responsible for supporting the educational, physical, emotional and psychological needs of your children. The level of support you must provide is often determined in terms of child support payments that an Illinois court decides during divorce proceedings. Child support is a vast and complex area of law, and it is essential that you know it well to ensure that your interes... Read more

Legalities of Co-Ownership of a Property in Illinois

Co-ownership is when two or more individuals share ownership interest of a piece of land or any other form of real estate. In Illinois, several laws and regulations are in place that require co-owners to mutually agree upon how the property title will be held by all parties involved. Generally, there are 3 ways a title can be held in co-ownership: tenants in common, tenancy by the entirety, and joint tenants with ownership rights. Deciding the property title will determine the legal authorities and rights of outside creditors, as well as how it... Read more

Understanding Holiday Parenting Time Arrangements in Illinois

Several holidays are lined up during this month. Most people are likely to be excited about spending quality, joyous time with their family and friends during the holiday season, but divorced parents may still be uncertain about whether they will be able to spend time with their children this year. Illinois family laws were recently modified to make sure the children are able to spend adequate amount of time with both parents. Which parent will take care of their child for how many days is included in a parenting plan that comprises of a regula... Read more

Illinois Child Support Law and Shared Parenting Time

Since 1984, child support payments were calculated using the percentage shares model in Illinois until 2017. Public Act 99-0764 was signed into law by Governor of Illinois on August, 12, 2016, announcing a new way of calculating child support in divorce cases. On July, 1, 2017, the new law was put into effect, modifying two sections of the Illinois Marriage and Dissolution of Marriage Act (IMDMA), 750 ILCS 5/510 and 750 ILCS 5/505. Now, Illinois family law uses the income shares model that has been enforced in several other states as well. One ... Read more

Property Defects and Issues – What a Seller is Legally Required to Disclose

Several laws and regulations have been enforced to protect homebuyers from unpleasant surprises and fraud when they purchase a property. Sellers are required to disclose certain information to the buying party pertaining to the condition of the house. Generally referred to as transfer disclosures, this type of information enlightens buyers about the existing legal, physical, environmental, and neighborhood problems among others. It helps them make a well-grounded decision about whether the property is worth the investment based on the facts and... Read more

The Legal Way of Ending a Residential Lease

Generally, a written residential lease is valid for a specific duration, such as one year or more, and is subject to renewal every time a tenant wants to continue living in the rental property. If you look at this from a landlord’s perspective, it is quite beneficial because they do not have to dedicate time and resources for finding a new tenant during the lease term. On the other hand, a tenant may want to keep residing in the rental property for the period stated in the lease. However, circumstances change and each party may want to end th... Read more