How to Set up an LLC for Rental Property
If you’re looking to start a business in Illinois, forming a Limited Liability Company (LLC) is a popular choice. An LLC is a type of business entity that provides the benefits of both a corporation and a partnership. In this guide, we’ll walk you through the steps of forming an LLC in Illinois.
Vermillion County Remote Closings
Selling a house, finding a great team, and closing remotely can be challenging, but it’s possible to do it successfully with the right preparation and guidance. When it comes to closing on the home, it’s essential to have a knowledgeable and experienced lawyer by your side to ensure the process goes smoothly and to protect […]
Vital Chicago Rental Lease Clauses, Addendums, and Disclosures for 2023
Introduction to Attorney-Drafted Chicago Leases When it comes to leasing a property in Chicago, your lease agreement must include specific clauses, addendums, and disclosures. These terms are crucial in protecting the interests of both landlords and tenants. Further, they help avoid any misunderstandings that may arise during the lease term. Often, they are crucial for […]
Chicago Short Term Rental Ordinance – No New News in 2023
Recently, the Illinois Appellate Court upheld Chicago’s Short-Term Rental (STR) ordinance in the case of Mendez v. City of Chicago. The city’s STR ordinance governs short-term housing arrangements such as those offered on Airbnb and VRBO. In 2016, two residents filed a lawsuit to challenge the original STR ordinance. Later, they added several claims to […]
SB1872: Illinois Law on Wholesaling Houses
On the first of January, 2020, the State of Illinois passed SB1872, and effectively outlawed real estate wholesaling in Illinois. Undoubtedly, many investors are scrambling to find a business model that fits the new law. So, today we will answer three questions: First, what is Real Estate Wholesaling? Second, why did Illinois make wholesaling houses […]
Illinois Real Estate Disclosure Law – 2022 Form and FSBO Disclosures
If you’re looking to sell residential real property in Illinois, it’s important to understand the Illinois real estate disclosure laws. Whether you’re selling a single-family home, a condo, or a four-unit multifamily property, you must file a disclosure form as defined by law. Even if you’re selling the property as-is. In fact, the Illinois Association […]
Illinois Real Estate Advertising Laws – Ethical Advertising Made Simple
Real estate advertising is a key part of finding leads and meeting potential clients. However, REALTORS must also honor real estate advertising law in Illinois and the REALTOR® Code of Ethics. Violating these rules can have severe consequences for your reputation, cash flow, and career. Real estate brokers must ensure that their advertising practices comply […]
How to Sell without a Realtor in Lisle Illinois – 2023 Guide to Lisle FSBO Transfer Stamps, Final Water Readings, and More
Are you unsure of where to start when it comes to selling your home? Don’t worry – there is an easy and cost-effective way to do it without involving real estate agents. Our For Sale By Owner (FSBO) guide will walk you through the process in Lisle, Illinois. Plus, with the help of an experienced […]
How to Sell Without a Realtor in Willowbrook Illinois – 2022 Attorney’s Guide to Willowbrook Transfer Stamps, Final Water Readings, and More
Need to sell a house in Willowbrook Illinois? With so many houses on the market, it can be hard to know where to start. Luckily, there is an easy and cost-effective way for you to sell your home without having to deal with any real estate agents. This guide will walk you through how For […]
How to Sell Without a Realtor in Rosemont Illinois – 2022 Guide to Rosemont Transfer Stamps, Final Water Readings, and More
Need to sell a house in Rosemont, Illinois? With so many houses on the market, it can be hard to know where to start. Luckily, there is an easy and cost-effective way for you to sell your home without having to deal with any real estate agents. This guide will walk you through how For […]
