Renting with Others

Learn to avoid disputes among roommates or with the landlord. When two or more people sign the same rental agreement or lease — or enter into the same oral rental agreement — they are cotenants and share the same legal rights and responsibilities. However, there’s a special twist. One cotenant’s negative behavior — not paying…


Eviction Procedures

Below are some guidelines for evicting a person in Chicago. Most of this Document assumes that the rental unit is covered by the Residential Ordinance. Under this Document the Chicago Residential Landlord Ordinance, Chicago Municipal Code Title 5 Chapter 12 is referred to as the RLTO. You can obtain a copy of this Ordinance on…


Are Realtors liable if you buy a defective property?

Let’s say you buy a property built on sand. Then as the Good Book says, a storm happens and the house collapses. Is the realtor liable to you because he didn’t tell you that houses built on sand are not very stable? Probably not. In Illinois Normally a realtor can rely upon the disclosures of…


Ways to Organize your Business

The pros and cons of corporations, LLCs, partnerships, sole proprietorships, and more. Type Advantages Disadvantages Sole Proprietorship Simple and inexpensive to create and operateOwner reports profit or loss on his or her personal tax return Owner personally liable for business debts General Partnership Simple and inexpensive to create and operateOwners (partners) report their share of…


Continuing a sheriff sale does not violate the automatic stay

Representing a lender in a long drawn out battle with a borrower over a nonpayment on a balloon mortgage.  The note was secured by a vacate 3 story industrial property.  Foreclosure was strenuously contested.  Twice the borrower filed for Chapter 11 protection on the eve of the sheriff’s sale.  In Illinois a sheriff’s sale terminates…


Appellate Court reversed trial court

The Appellate Court reversed the trial court and found that the insured had an insurable interest in the house even though the court found that the transaction was an equitable mortgage. The decision was a rule 23 one. http://www.state.il.us/court/R23_Orders/AppellateCourt/2011/1stDistrict/1103026_R23.pdf Above is a copy of the decision. Keil Larson


Appellate Argument

Appellate Argument on a case I argued on November 22, 2011. This argument last 90 minutes. This is a lot more time than normal. I was pleased that the Justices understood the facts and devoted this much of their busy day to this matter. Here is the link. http://www.state.il.us/court/Media/Appellate/1st_District.asp The case was Tatum vs Allstate…