Real Estate Law News and Insights

Update To Chicago Zoning Rules Streamlines Approval Timeline

Published: Dec 21, 2023
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The Chicago City Council approved a notable revision to the Zoning Ordinance geared toward reducing approval time and procedures for some developments. Ordinance 2023-5759 amends Section 17-13-0303 of the Zoning Ordinance on the procedure for seeking variations and administrative adjustments for projects subject to Type 1 rezoning applications. Previously, projects that...

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Should You Own Your Rental Property In An LLC?

Published: Dec 15, 2023
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When it comes to real estate investing, savvy investors are always on the lookout for strategies that can protect their assets while optimizing tax advantages. A popular strategy is forming a limited liability company ("LLC") for real estate investments and rental properties. An LLC is a business entity that protects its owners,...

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What Is A Mechanics And Materialman’s Lien?

Published: Dec 06, 2023
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Also sometimes referred to as a Construction Lien The idea that people who build things need to get paid for the work they do is as old the USA. Back in the day construction workers were called mechanics and around the time when our capital building was being built, they...

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