Real Estate Law

Real Estate Law Update 2023 - Part 2

ISBA Members: Use your 15 hours of Free CLE credits to order this program –
just use the green button next to the “Add to Cart” button below!

Real Estate Law Update 2023- Part 2
Presented by the ISBA Real Estate Law Section


3.0 hours MCLE credit


Original Program Date: November 17, 2023
Accreditation Expiration Date: January 18, 2026 (You must certify completion and save your certificate before this date to get MCLE credit)


Join us for part two of this full day seminar that expands your knowledge regarding development agreements, commercial leasing, and environmental considerations in commercial transactions. Attorneys with all levels of practice experience will benefit from these updates and best practice tips regarding commercial transactions.


Program Coordinator/Moderator:
Laura L. Lundsgaard, Laura L Lundsgaard Attorney & Counselor At Law, Inverness


Development Agreements: How Big Projects Get Built
This presentation provides insight into how to structure real estate development projects through use of two different types of development agreements. One, community development agreements between a municipality and a project developer for use of public money to fund private development – so called ”public/private partnerships”; and, two, project development agreements between a developer and its investors to fund the equity component of a development project (while keeping a focus on satisfying the project lender).
R. Kymn Harp, Robbins DiMonte Ltd., Chicago

Commercial Title and Endorsements
Don’t miss this in-depth look at commercial title insurance policies and how they differ from residential policies, common commercial policy endorsements, title clearance, and best practice tips.
Ted M. Niemann, Schmiedeskamp Robertson Neu & Mitchell, LLP, Quincy
Tiffany Gorman Thompson, Fidelity National Title Company, Joliet

Environmental Consideration in Commercial Real Estate Transactions
This segment discusses contract clauses, including representations, warranties, indemnities, releases, covenants not to sue, “as is” transactions, pre- and post-closing covenants, escrows, due diligence, and qualifying as an innocent purchaser or a bona fide prospective purchaser under state and federal law.
William J. Anaya
, Greensfelder Hemker & Gale P.C., Chicago


Pricing Information
  • Please Note: You must attend the entire program in order to earn MCLE credit for this seminar.
  • ISBA sponsoring section members get a $10 registration discount (which is automatically calculated in your cart when you log in to register).
  • Fees:
    • ISBA Member Price of $105 is displayed below when you login and program is eligible for Free CLE member benefit
    • Non-Member Price $210
    • New Attorney Member (within the first five years of practice) - $25
    • Law Students - Free

Real Estate Law Update 2023 - Part 1

ISBA Members: Use your 15 hours of Free CLE credits to order this program –
just use the green button next to the “Add to Cart” button below!

Real Estate Law Update 2023- Part 1
Presented by the ISBA Real Estate Law Section


2.75 hours MCLE credit


Original Program Date: November 17, 2023
Accreditation Expiration Date: ­­­­­­­­­­­­­­­­­­­­­­­­­January 18, 2026 (You must certify completion and save your certificate before this date to get MCLE credit)


Join us for part one of this full day seminar that examines recent case law updates and legislative changes from the past year. Learn more about builder’s new construction contracts, commercial title insurance policies and endorsements, and ALTA surveys.


Program Coordinator/Moderator:
Laura L. Lundsgaard, Laura L Lundsgaard Attorney & Counselor At Law, Inverness

Welcome
Laura L. Lundsgaard, Laura L Lundsgaard Attorney & Counselor At Law, Inverness

Case Law Update
Get the updates you need on the most recent case law affecting real estate, as well as best practice tips and advice from our speakers.
Gary S. Mueller, Gary S. Mueller & Associates Ltd. Joliet, IL

Legislative Update
Learn about real estate-related legislation that has passed during the 2022-2023 session.
Bruno W. Tabis, Huck Bouma P.C., Wheaton

Builder/Construction Contract Overview
Join us for a review of an example builder’s contract. Learn about some differences that might be found in a builder’s contract as compared to a standard real estate transaction, special issues to consider whether you are representing the builder or the buyer, as well as provisions to be look out for that may cause concern.
Bob Floss II, Floss Law, Northbrook

Commercial Leasing
This segment provides a primer on different types of leases, including ground leases, office leases, and retail leases, provide a close look at triple net leases, and discusses the red flags that every practitioner should be aware.
Emily R. Vivian, Ehrmann Gehlbach Badger & Considine LLC, Dixon
Jillian M. Clark, Byron Carlson Petri & Kalb LLC, Edwardsville

ALTA Surveys
Learn about current ALTA Survey requirements, how ALTA surveys should be utilized in purchasing and/or developing commercial real estate, and how ALTA surveys may be used to obtain extended coverage.
Ted M. Niemann, Schmiedeskamp Robertson Neu & Mitchell, LLP, Quincy
Tiffany Gorman Thompson, Fidelity National Title Company, Joliet


Pricing Information
  • Please Note: You must attend the entire program in order to earn MCLE credit for this seminar.
  • ISBA sponsoring section members get a $10 registration discount (which is automatically calculated in your cart when you log in to register).
  • Fees:
    • ISBA Member Price of $96.25 is displayed below when you login and program is eligible for Free CLE member benefit
    • Non-Member Price $192.50
    • New Attorney Member (within the first five years of practice) - $25
    • Law Students - Free

Kulhanek v. Casper

Illinois Appellate Court
Civil Court
Inconsistent Verdicts
Citation
Case Number: 
2023 IL App (1st) 221454
Decision Date: 
Wednesday, December 20, 2023
District: 
1st Dist.
Division/County: 
3d Div./Cook Co.
Holding: 
Affirmed.
Justice: 
D.B. WALKER

Plaintiff filed a breach of contract lawsuit alleging that defendant had failed to pay rent on a commercial property. The matter proceeded to trial and the jury returned a verdict with answers to special interrogatories indicating that there was a contract between the parties but that defendant did not breach the contract. The trial court granted plaintiffs’ motion for a new trial on the basis that the jury did not render a legally consistent verdict and defendant appealed. Defendant argued on appeal that the trial court erred in granting both plaintiffs’ motion for a new trial as well as plaintiffs’ motions in limine that barred defendant from presenting evidence that plaintiffs’ failed to mitigate their damages. The appellate court affirmed, finding that the trial court did not err and instructing that the parties be allowed to present evidence regarding plaintiffs’ reasonable efforts to mitigate their damages during the second trial. (LAMPKIN and VAN TINE, concurring)

Almazon v. 7354 Corporation

Illinois Appellate Court
Civil Court
Quiet Title
Citation
Case Number: 
2023 IL App (1st) 220894
Decision Date: 
Friday, December 15, 2023
District: 
1st Dist.
Division/County: 
6th Div./Cook Co.
Holding: 
Affirmed and remanded.
Justice: 
ODEN JOHNSON

Plaintiff filed a quiet title action against the defendants. Defendants filed a counterclaim for breach of warranty deed. The trial court granted summary judgment in favor of the plaintiff on the quiet title claim and defendants filed an interlocutory appeal. The appellate court affirmed, finding that the trial court did not abuse its discretion when it declined to find laches where the plaintiff timely recorded her installment contract and where the defendant did not exercise their right to declare a forfeiture. (HYMAN and C.A. WALKER, concurring)

BKA Holding, LLC v. Sam

Illinois Appellate Court
Civil Court
Eviction
Citation
Case Number: 
2023 IL App (2d) 230163
Decision Date: 
Tuesday, November 28, 2023
District: 
2d Dist.
Division/County: 
DeKalb Co.
Holding: 
Vacated and remanded.
Justice: 
SCHOSTOK

Defendants entered into an agreed order with their landlord, the defendant, agreeing to terms to vacate their rental property to avoid having an eviction judgment entered. On defendant’s motion the trial court entered both the agreed order and a judgment of possession. The trial court then denied the defendant’s motion to vacate the judgment and defendants appealed. The appellate court vacated the judgment of possession, finding that based on the agreement between the parties there was no legal justification for the entry of the eviction judgment. (HUTCHINSON and KENNEDY, concurring)

Hahn v. McElroy

Illinois Appellate Court
Civil Court
Residential Real Property Disclosure Act
Citation
Case Number: 
2023 IL App (2d) 220403
Decision Date: 
Friday, November 3, 2023
District: 
2d Dist.
Division/County: 
Kendall Co.
Holding: 
Affirmed.
Justice: 
KENNEDY

Plaintiff filed a lawsuit against defendants alleging violation of the Residential Real Property Disclosure Act, common law fraud, fraudulent concealment, and negligent misrepresentation after plaintiff found mold in the house he purchased from the defendants. During a bench trial, the circuit court entered a directed finding in favor of the defendants and subsequently awarded defendants the full amount of their attorney fees. Plaintiff appealed and the appellate court affirmed, finding that the trial court did not err in the entry of judgment in favor of the defendant or in the award of attorneys’ fees under the terms of the real estate contract. (SCHOSTOK and BIRKETT, concurring)

Willow Way, LLC v. Village of Lyons, Illinois

Federal 7th Circuit Court
Civil Court
Due Process
Citation
Case Number: 
No. 22-1775
Decision Date: 
October 5, 2023
Federal District: 
N.D. Ill., E. Div.
Holding: 
Affirmed

Dist. Ct. did not err in granting defendant-Village’s motion for summary judgment in plaintiff-property owner’s section 1983 action, alleging that defendant’s demolition of long-time empty home on plaintiff’s property that defendant had deemed to be nuisance, as well as sale of said property to satisfy defendant’s lien for demolition costs violated plaintiff’s substantive due process rights, where plaintiff argued that demolition was tantamount taking without compensation. Demolition of dilapidated structure that constituted public nuisance does not violate due process clause and does not require compensation. Moreover, defendant gave notice of demolition and opportunity for plaintiff to file lawsuit to determine whether house met criteria for demolition, but plaintiff failed to take opportunity to file said lawsuit. As such, plaintiff cannot complain about consequences of its own inaction.

The Illinois-Federal Foreclosure Split

By Morgan I. Marcus
October
2023
Article
, Page 36
In personam deficiency judgments, mandatory versus discretionary, and other practical considerations.

MB Financial Bank, N.A. v. Brophy

Illinois Supreme Court
Civil Court
Property Taxes
Citation
Case Number: 
2023 IL 128252
Decision Date: 
Thursday, September 21, 2023
Holding: 
Appellate court judgment affirmed in part and reversed in part. Circuit court judgment affirmed.
Justice: 
CUNNINGHAM

Plaintiffs filed a lawsuit seeking to recover property taxes paid on a property that was subject to condemnation proceedings. The appellate court sided with the plaintiffs; however, the Illinois Supreme Court reversed that finding, concluding that because the plaintiff enjoyed the benefits of ownership from the time the condemnation proceedings were initiated until the time the city took ownership of the property, it would be unreasonable for the plaintiffs to be relieved from having to pay property taxes during that time. (THEIS, NEVILLE, OVERSTREET, HOLDER WHITE, ROCHFORD, and O’BRIEN, concurring)

Public Act 103-298

Topic: 
Illinois Radon Awareness Act

(Williams, D-Chicago; Ellman, D-Naperville) amends the Illinois Radon Awareness Act. It provides that the lessor shall provide the prospective tenant or tenant of a dwelling unit with the Illinois Emergency Management Agency’s “Radon Guide for Tenants” pamphlet, copies of any records or reports pertaining to radon concentrations within the dwelling unit that indicate a radon hazard to the tenant, and the new statutory Disclosure of Information on Radon Hazards to Tenants form. These must be provided at the time of a prospective tenant’s application to lease a dwelling unit, before a lease is entered into, or at any time during the leasing period upon request. Provides that at the commencement of the agreed leasing period, a tenant shall have 90 days to conduct his or her own radon test of the dwelling unit. Requires a tenant who decides to have radon mitigation performed to have the express consent of the lessor before doing so. Makes other changes. Effective Jan. 1, 2024.