Dedicated Real Estate Law Firm in Illinois
The attorneys at DeWald Law Group apply their extensive knowledge about property rights, real estate issues, finance and business to all areas of real estate law. With more than 35 years of combined experience in real estate law, we can help you with:
Real estate transaction attorneys
From offer to sale, we handle all aspects of buying and selling real estate and construction, so that you can feel confident about a smooth and precise transaction. Our real estate attorneys can:
We represent Landlords and Tenants in Commercial Lease modification.Most recently the tenants have had the upper hand in the lease negotiation game. As lease modification lawyers we help people and businesses modify commercial leases. It is common for tenants of commercial properties to be paying more than market rent in light of the recent decline in real estate values and the virtual collapse of the commercial real estate market. We defend tenants that seek to strategically break their lease or otherwise strategically modify the terms to reflect market conditions or avoid payment of lease terms. Often times commercial tenants attempt to renegotiate in the following:
- Permanent Rent Deduction
- Rent Abatement or Waiver
- Forbearance / Deferral of Payments
- Prepaid Amounts Towards Rent
- Modifying to Percentage Rent
- Reduction in Space
- Adjustment in Base Year
- Extension of Term
We refer to the above stated as a strategic breach of the lease and strategic lease breach is a legitimate option when it comes to lease modification. It does not matter if you are small or a medium sized business; your monthly rent is oftentimes re-negotiable. At this time of declining revenues, increased operating expenses and uncollected receivables landlords are doing lease modifications, early lease terminations, rent concessions and rent forgiveness because the alternative is often times more costly to the Management Company and commercial real estate owner. The lease modification attorneys of DeWald Law Group would like to help.
We practice lease modification law in Cook County, Lake County, McHenry County, DuPage County, Kane County, and Will County.
We look forward to hearing from you regarding your free initial consultation.
Real estate litigation requires substantial knowledge about property laws and civil litigation, as well as a dynamic courtroom presence. At the DeWald Law Group, our attorneys possess the specialized-knowledge necessary to successfully litigate your real estate disputes.
Real estate negotiators
Some disputes are better solved outside of the courtroom. Our effective mediators guide negotiations to protect your interests. By retaining an experienced mediator to strategize during the contract negotiation process, you can often prevent disputes from arising at a later stage in the real estate transaction. This can save time, costs and frustrations.
Contact experienced real estate attorneys in Arlington Heights, Illinois today.
Call The DeWald Law Group at 847-437-1246 or contact us online to schedule a free initial phone consultation with a real estate attorney in our Arlington Heights office.