Residential and Commercial Lease Preparation and Review
A well-drafted lease agreement can provide you with many benefits and protections that may not otherwise be available. At Starr, Bejgiert, Zink & Rowells, we will draft or review your existing residential or commercial lease agreement to ensure that it complies with applicable local and state laws and provides you with maximum protection should a dispute arise during the tenancy.
Most residential
landlord / tenant relationships within the City of Chicago are governed by the Chicago Residential Landlord and Tenant Ordinance (“RLTO”). The Chicago Residential Landlord and Tenant Ordinance require landlords to make numerous disclosures to prospective tenants regardless of whether the rental agreement is written or oral. The Chicago Residential Landlord and Tenant Ordinance also expressly prohibits certain lease provisions from being included in a lease agreement. The failure to make the necessary disclosures, an attempt to enforce a prohibited lease provision or the failure to follow the requirements of the Ordinance may allow your tenant to legally break the lease. Even worse, the Chicago Residential Landlord and Tenant Ordinance allow a tenant to sue you for specified penalties, attorney’s fees and court costs if you fail to fully and strictly comply with the Ordinance’s requirements. Other local municipalities (such as Evanston) have also enacted similar ordinances that govern landlord-tenant
relationships and which provide tenants with rights and remedies not available under State law.
A commercial lease agreement can provide a landlord with a multitude of benefits and rights that may not otherwise be available in the absence of a well-drafted lease agreement. Commercial
leases can be drafted to allow a commercial landlord to collect, in addition to regular monthly rent, common area maintenance expenses, real estate taxes, insurance expenses and a percentage of a tenant’s gross sales. A commercial tenant can also be made responsible for many repair and maintenance obligations that may arise in the commercial premises.
Contact
Dave Bejgiert for a review of your existing residential or commercial lease agreement or to have us draft a lease that best meets your needs.
Call today to discuss your options. We provide experienced counsel!
312-372-3445
Get the legal representation and support you need from an experienced law office. Get in touch with us today to get a FREE initial consultation! We offer complimentary tea and Wi-Fi.