Russell Real Estate Lawyer, Illinois, page 4

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James Babowice

Land Use & Zoning, Litigation, Lawsuit & Dispute, Personal Injury
Status:  In Good Standing           Licensed:  43 Years

Susan Bradley

Commercial Real Estate, Land Use & Zoning, Litigation, Personal Injury
Status:  In Good Standing           Licensed:  36 Years

David G. Pugh

Condominiums, Commercial Real Estate, DUI-DWI, Criminal
Status:  In Good Standing           Licensed:  24 Years

Christopher L. Cook

Accident & Injury, Real Estate, Wills & Probate, Trusts, Household Mold
Status:  In Good Standing           Licensed:  34 Years

Newton Finn

Land Use & Zoning
Status:  In Good Standing           Licensed:  47 Years

Harold Saalfeld

Traffic, Employment, Real Estate, Medical Malpractice, Personal Injury
Status:  In Good Standing           

Ronald Edward Griesheimer

Family Law, Business, Commercial Real Estate
Status:  In Good Standing           Licensed:  63 Years

Ronald Edward Griesheimer

Family Law, Business, Commercial Real Estate
Status:  In Good Standing           Licensed:  63 Years

Peter Steven Karlovics

International Tax, Land Use & Zoning
Status:  In Good Standing           Licensed:  35 Years

Peter Karlovics

International Tax, Land Use & Zoning
Status:  In Good Standing           Licensed:  35 Years

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LEGAL TERMS

INVEST

(1) To formally grant power or authority to someone. For example, when the President of the United States is inaugurated, he is invested with all the powers of ... (more...)
(1) To formally grant power or authority to someone. For example, when the President of the United States is inaugurated, he is invested with all the powers of that office. (2) To contribute money to a business venture, or to buy property or securities, with the intention and expectation of making a profit.

LANDLORD

The owner of any real estate, such as a house, apartment building or land, that is leased or rented to another person, called the tenant.

CLEANING FEE

A nonrefundable fee charged by a landlord when a tenant moves in. The fee covers the cost of cleaning the rented premises after you move out, even if you leave ... (more...)
A nonrefundable fee charged by a landlord when a tenant moves in. The fee covers the cost of cleaning the rented premises after you move out, even if you leave the place spotless. Cleaning fees are illegal in some states and specifically allowed in others, but most state laws are silent on the issue. Landlords in every state are allowed to use the security deposit to clean a unit that is truly dirty.

VESTED REMAINDER

An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will ... (more...)
An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will leaves her house to her daughter, but the daughter gains possession only after Julie's husband dies, the daughter has a vested remainder in the house.

FAIR HOUSING ACT & FAIR HOUSING AMENDMENTS ACT

Federal laws that prohibit housing discrimination on the basis of race or color, national origin, religion, sex, familial status or disability. The federal Acts... (more...)
Federal laws that prohibit housing discrimination on the basis of race or color, national origin, religion, sex, familial status or disability. The federal Acts apply to all aspects of the landlord/tenant relationship, from refusing to rent to members of certain groups to providing different services during tenancy.

INHERITORS

Persons or organizations who receive property from someone who dies.

ESCHEAT

The forfeit of all property to the state when a person dies without heirs.

SPECIFIC PERFORMANCE

A remedy provided by a court that orders the losing side to perform its part of a contract rather than, or possibly in addition to, paying money damages to the ... (more...)
A remedy provided by a court that orders the losing side to perform its part of a contract rather than, or possibly in addition to, paying money damages to the winner.

NET LEASE

A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's ope... (more...)
A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's operating costs as well. When all three of the usual costs--taxes, maintenance and insurance--are passed on, the arrangement is known as a 'triple net lease.' Because these costs are variable and almost never decrease, a net lease favors the landlord. Accordingly, it may be possible for a tenant to bargain for a net lease with caps or ceilings, which limits the amount of rent the tenant must pay. For example, a net lease with caps may specify that an increase in taxes beyond a certain point (or any new taxes) will be paid by the landlord. The same kind of protection can be designed to cover increased insurance premiums and maintenance expenses.