(630)324-6666
info@oflaherty-law.com
Our DuPage County real estate attorneys promise to provide the above-and-beyond client service necessary to take your real estate purchase smoothly from contract to closing.
Our DuPage County real estate attorneys promise to provide the above-and-beyond client service necessary to take your real estate purchase smoothly from contract to closing.
In this video, Dupage County real estate attorney Kevin O'Flaherty describes the qualities you should look for in your real estate lawyer.
Please contact our friendly
DuPage Real Estate Attorneys
at our nearest location to schedule a free consultation:
See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.
Hours: 9 am - 5 pm Mon - Fri
5002 Main St, Ste. 201 Downers Grove, IL 60515
105 Jackson Avenue, Ste. 4b Naperville, IL 60540
110 E. Schiller Street, Ste. 220B Elmhurst, IL 60126
8411 Pyott Road, Ste. 107, Lake in the Hills, IL 60156
16557 Oak Park Avenue, Ste. B, Tinley Park, IL 60477
210 S Fifth St, Ste. 107B, St. Charles, IL 60174
Kevin O'Flaherty oversees all legal matters and is actively involved in making sure every client's case, big or small, is handled with excellence and attention to detail. He is available to contact through phone and email and his rates are available upon request.
"Kevin and his firm, O'Flaherty Law, are friendly, efficient, knowledgeable and professional. Kevin is a master at bringing people together and sharing ideas."
"Kevin O'Flaherty and his team at O'Flaherty Law are among the friendliest and easiest to work with attorneys I've dealt with. I would suggest them to any friends or business associates."
Kevin O'Flaherty was instrumental during the purchase process of my new house. I highly recommend him and the entire firm!
An excellent client experience, I recommend O'Flaherty Law to all of my clients that have a need for consultation in family law.
In many commercial leases, tenants are required to pay a share of taxes, utilities, and common area maintenance charges ("CAM"). The tenant's share will typically be proportional to the amount of space leased by the tenant relative to the total rentable space of the building. This "additional rent" will fluctuate from year to year. It is not uncommon for landlords to overcharge their tenants for CAM. This is referred to as Common Area Maintenance Fraud.
If the tenant believes this is occurring, their best option is to audit the Landlord's expenses to ensure that all of the CAM paid by tenants is going toward actual expenses and that those expenses are for vendors and market value, rather than inflated prices.
However, unless the lease provides a right to an audit, the landlord is not required to allow one. In this case, the best option for the tenant is to rely on the implied covenant of good faith and fair dealing in the lease, or the fiduciary duty of the landlord (in the case where the Tenant prepays CAM before expenses are calculated) to obtain an accounting for expenses. However, in the absence of a right to audit in the lease, the landlord may provide evidence of its expenses by any reasonable manner that it selects. This means that the landlord can provide a simple list of its expenses, and the tenant will not be permitted to investigate further.
Therefore, in order to protect yourself against common area maintenance fraud, it is important that your commercial lease include a right to audit the landlord's records.
In many commercial leases, tenants are required to pay a share of taxes, utilities, and common area maintenance charges ("CAM"). The tenant's share will typically be proportional to the amount of space leased by the tenant relative to the total rentable space of the building. This "additional rent" will fluctuate from year to year. It is not uncommon for landlords to overcharge their tenants for CAM. This is referred to as Common Area Maintenance Fraud.
If the tenant believes this is occurring, their best option is to audit the Landlord's expenses to ensure that all of the CAM paid by tenants is going toward actual expenses and that those expenses are for vendors and market value, rather than inflated prices.
However, unless the lease provides a right to an audit, the landlord is not required to allow one. In this case, the best option for the tenant is to rely on the implied covenant of good faith and fair dealing in the lease, or the fiduciary duty of the landlord (in the case where the Tenant prepays CAM before expenses are calculated) to obtain an accounting for expenses. However, in the absence of a right to audit in the lease, the landlord may provide evidence of its expenses by any reasonable manner that it selects. This means that the landlord can provide a simple list of its expenses, and the tenant will not be permitted to investigate further.
Therefore, in order to protect yourself against common area maintenance fraud, it is important that your commercial lease include a right to audit the landlord's records.
Dupage County real estate attorney Kevin O'Flaherty explains some of the most important clauses in residential real estate contracts.
In this article, our Dupage County real estate attorneys discuss several key clauses to watch out for in your residential real estate contract. After signing a residential real estate contract, you will typically have five business days to review it with your attorney and make any changes that your attorney recommends. Our DuPage real estate attorneys will work through your contract with you paragraph by paragraph to ensure that it is fair and advantageous to you as possible. However, five clauses in the contract stand out as particularly important for you to understand:
Our DuPage real estate attorneys prioritize taking your case from contract to closing in a smooth and timely manner. The seller's attorney in a real estate closing has handles many tasks to prepare the deal to close. Here are some of the most important items on our DuPage real estate lawyers' checklist when representing the seller:
Our DuPage attorneys have the skill, experience, and client-focus necessary to ensure that any obstacles to your transaction closing smoothly are either prevented or resolved efficiently and effectively.
IDupage County real estate attorney Kevin O'Flaherty discusses reasons why attorneys are very important to getting a fair real estate transaction.
Our DuPage real estate attorneys prioritize taking your case from contract to closing in a smooth and timely manner. The seller's attorney in a real estate closing has handles many tasks to prepare the deal to close. Here are some of the most important items on our DuPage real estate lawyers' checklist when representing the seller:
Our DuPage attorneys have the skill, experience, and client-focus necessary to ensure that any obstacles to your transaction closing smoothly are either prevented or resolved efficiently and effectively.
In this Learn About Law podcast & videoblog, Dupage County Residential & Commercial Real Estate attorney Kevin O'Flaherty of O'Flaherty Law discusses how Property values in the past few years have plummeted, yet homeowners find themselves paying higher property taxes than ever before. Your property taxes are linked to the fair market value of your home; however, when the fair market value of your home is uncertain, the tax assessment may be inaccurate. Due to the slow-paced real estate market, fewer homes are being purchased, making it difficult to get a fair estimate of what someone might pay for a home in your area, let alone a home similar to yours. Assessors do not have the raw data to work with as they did in the past, so they must refer to outdated information and do the best they can. Therefore, because many homeowners feel they have more accurate information than the assessor, they decide to appeal the assessment of their property.
In this article, our DuPage real estate attorneys discuss the steps that go into taking a residential real estate deal from contract to close including. We go over:
