Being a landlord and/or manager is a difficult job. There are many complex issues that you deal with on a daily basis. In this second installment, we address four more frequently asked questions. You can record the first three questions here.
Question 4: What kind of policy should we have at the property regarding pets?
The … Read More ›
One of the first questions we are asked at the outset of litigation on behalf of a condominium association is whether the attorneys’ fees we will generate are recoverable from the opposing party. The answer to that question depends on a number of factors because Illinois is what is called an “American Rule” jurisdiction. The American Rule … Read More ›
In the recently decided case, Demetrios Kozonis v. Ciacomo Tamburello (2106 Il. App 1st – December 19, 2016), the First Division of the Appellate Court of Illinois ruled that a personal guaranty to a lease is not enforceable if the lease is later extended where the original guaranty did not include language that it remains … Read More ›
Kovitz Shifrin Nesbit attorneys recently represented a Chicago condominium association in the sale of all of all units in the condominium to a third party. KSN attorneys Kelly C. Elmore and Scott A. Weinstein (working with the underwriting, examining and closing teams), closed all 87 residential units and 57 parking … Read More ›