Champaign County Commercial Real Estate Attorneys

Champaign County Commercial Real Estate Attorneys

Feel confident in your commercial lease with our Champaign County commercial real estate attorneys who have the experience to help you work through your next contract.

Our

Champaign County Commercial Real Estate Attorneys

Provide Excellent Service in:

See if you qualify for a Tax Appeal

You Don't Have to Leave Your Home For Your

Commercial Real Estate & Commercial Leases

Matter

In this video, attorney Kevin O'Flaherty describes ways you can receive legal services from the comfort of home.

Take the Next Step: Schedule a Free Consultation With Our

Champaign County Commercial Real Estate Attorneys

What to Expect From a Consultation

The purpose of a free consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us. Although most consultations are complimentary, some may carry a charge depending on the type of matter and meeting location.

Please contact our friendly

Champaign County Commercial Real Estate Attorneys

at our nearest location to schedule a free consultation:

O'Flaherty Law of Champaign

2506 Galen Dr., Ste. 108A, Champaign, IL 61821

Phone:

(217) 803-8679

E-Mail:

champaign.il@oflaherty-law.com

Hours: 9 am - 7 pm Monday - Friday 11 am - 3pm Saturday 11 am - 2 pm Sunday

See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.  ​​​

Some of Our Accomplishments

Naperville attorney
DuPage County Probate Attorney
Learn More About Our Firm
champaign county commercial lease attorneys

Champaign County Commercial Real Estate Attorneys

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.

Click Here for Videos, Podcasts, and Articles by Our

Champaign County Commercial Real Estate Attorneys

Champaign County Commercial Real Estate Attorneys

Or Continue Scrolling Below to Browse some of our Most Helpful Articles

Negotiating Commercial Leases

In this video our Champaign County commercial real estate attorneys discuss types of commercial leases and tips for negotiating that lease. First there is a commercial net lease that includes utilities and property taxes on top of a base rent, while on the other hand there is a double net lease that has insurance on the tenants side in addition to those things. Finally, there is a triple net lease that has the tenant paying for all of the cost of the building except for structural repairs on top of their base rent, and then there is a full service gross lease that has the tenant paying for a flat base rent every month and the landlord is then responsible for all of the costs of the building. A full service gross lease is going to have the highest rent out of the four options.

When negotiating the lease it is important to think about the length of the lease, comparable rents, and what type of commercial property it is. Next attorneys come in to make sure clauses are favorable to you. As a tenant, it is important having the right to sublease. Making sure the landlord can not lease competitors in the same building is another right you would want to make sure you have before leasing. Lastly, fair signage approval and fair clause for landlord repairs and improvements are other important aspects to check when signing a commercial real estate lease.


In this video, Champaign County commercial real estate attorney Kevin O'Flaherty explains how to negotiate a favorable commercial lease for you or your business.

‍Implied Warranty of Habitability for Champaign County Businesses

Our Champaign County commercial real estate attorneys discuss how the implied warranty of habitability is a legal doctrine created by Illinois case law. In every written or oral lease, Illinois courts imply a warranty on the part of the landlord that the property will be kept in a condition that is habitable. A property is not uninhabitable simply because of minor building code violations. Rather the defect in the property must cause a reasonable person to consider the property uninhabitable in order for a breach to exist.


In this video, Champaign County commercial lease attorney Kevin O'Flaherty explains how warranty of habitability applies to both residential and commercial leases.

What are the Risks of Not Using an Attorney When Buying or Selling Commercial Real Estate?

Our Champaign County commercial real estate attorneys discuss the importance of having an attorney when buying or selling commercial real estate property. There are a number of issues that can arise during the process of buying, selling, financing and developing commercial property and trying to navigate the process alone, or even with the help of a commercial real estate agent can be difficult. Commercial real estate purchases also have many more laws and regulations than buying a home, all of which must be followed in order for the transaction to be valid. While some states do not require you to have an attorney present at closing, or at all throughout the process, it is highly advised that your attorney is at the closing. In fact, it’s not uncommon for the seller to invoke power of attorney and let their attorney handle all the paperwork and signing at the closing


In this video, Champaign County commercial lease attorney Kevin O'Flaherty explains how warranty of habitability applies to both residential and commercial leases.

Further Reading From Our 

Champaign County Commercial Real Estate Attorneys