If you have recently purchased an acreage in Illinois, and a neighbor has an access road across the property, you may wonder if you have to allow him to keep his driveway in place. This is the time to review the title and survey and find out what they say about the easement.
Before signing a commercial lease
Committing to a location is a major factor for business owners in Illinois. Even when someone finds the storefront that has the right foot and vehicle traffic, the wrong lease agreement can ruin the company.
What is and is not covered by title insurance
When making a real estate purchase in Illinois, a buyer receives the title that proclaims him or her the new owner and the recipient of the rights that go with ownership. If there are past errors or issues attached to that title, it could cause expensive problems for the new owner. FindLaw explains that title insurance policies often provide coverage for the costs of clearing the issues off the title.
Protecting yourself as a landlord
There are many benefits to owning and managing rental property in Illinois, but it is not always easy to be a landlord. Many landlords deal with legal complications when tenants challenge the terms of a lease or make unfair or untrue accusations about alleged violations of their rights.
For sale by owner: Considerations to make
If you are putting your house up for sale, you may feel completely confident about it. However, at Essig Law Office, we often work with FSBO situations and know it can be tricky to try to go it alone. Selling your own house without any assistance can lead to some tricky situations. According to Angie's List, it comes with many challenges, which are important to understand before you jump into a FSBO.
What is the eviction process in Illinois?
As with most states, Illinois has very specific laws about eviction. If you live in a rental, your landlord must follow the guidelines set by the law to legally evict you. According to Illinois.gov, to actually evict you and physically remove you from a property, a landlord must have a court order. However, before the situation gets to the point of going to court, there is another step your landlord must take.
What is a short sale?
Perhaps as you are looking for a new Illinois home to purchase, you have come across something called a short sale. A short sale, as defined by Freddie Mac, is a real estate transaction where the seller is selling the home for less than he or she owes to the lender. Obviously, this is an issue for the lender who will be getting less than they are owed. However, the lender does have to approve the sale.
