The Not So Simple Truth About Entering Into a Commercial Lease Agreement

Lavelle Law • April 29, 2024

A Lavelle Law Breakfast Briefs Presentation

A logo for lavelle law breakfast briefs with a man in the background

June 12, 2024

7:45 AM – 9:00 AM

1933 N. Meacham Rd., Suite 127

Schaumburg, IL 60173


Just Want a Simple Lease Agreement? Think again. Many people and businesses think that the simpler a lease agreement is, the easier their life will be. The truth is, if you are handed a 3-page commercial lease, unfortunately, it is likely to be rife with pitfalls and does not fully protect you. Things can go wrong – and you don’t want to be trapped in a 10-year lease with no way out. Navigating and negotiating the intricacies of a commercial lease and all its legal terms can present many challenges, especially in Illinois’ ever-changing market. It is imperative, as a tenant or landlord, to gain a thorough understanding of these complexities before attempting to negotiate your own lease. Having this foundation will facilitate a more amicable and mutually agreeable leasing relationship, which is essential for any business to be successful in the current business environment.



Join us for this seminar as Lavelle Law attorneys Kelly Anderson and Chance Badertscher will unpack the complexities of Illinois commercial leases in order to prepare you for strong leasing relationships.


Doors will open at 7:45 for a complimentary continental breakfast and the presentation will begin at 8:00. Registration is required as seating is limited. No walk-ins.

Register
Kelly a. anderson and chancer w. baderschur are pictured in circles



MEET THE PANEL


Kelly Anderson is a shareholder of Lavelle Law who concentrates her practice in the area of real estate, both commercial and residential. Kelly provides her clients with the knowledge, education, and guidance needed to negotiate and protect their interests in whatever real estate transaction they are entering.


Chance Badertscher is an experienced associate attorney in Lavelle Law’s real estate practice group, having worked with individuals, investor clients, and businesses in their real estate pursuits. Chance provides his clients with his expertise, support, advice, and explanation of the risks involved in their real estate transactions.

More News & Resources

Lavelle Law News and Events

Don’t record a conversation without knowing the law in Illinois!

Know the Law Before You Hit Record! Comments on the Illinois Eavesdropping Statute

By Nataly Kaiser • July 29, 2025
Do you know it’s a felony in Illinois if you record a conversation without consent? The Illinois Eavesdropping Statute prohibits the secret recording of private conversations without the consent of all parties involved. Protect yourself – Get consent before you hit record! Nataly Kaiser explains.
Now through 10-1-25, Lavelle Law is offering a special discounted rate on powers of attorney for col

Summer Special! Discounted Rate on Powers of Attorney for College-bound Students and Young Adults

By Jackie R. Luthringshausen • July 24, 2025
Summer Special! - Now through 10-1-25, Lavelle Law is offering a special discounted rate on powers of attorney for college-bound students and young adults. Don't send your child to college without POA docs in place! Contact Attorney Luthringshausen to start the process. jluthringshausen@lavellelaw.com or 847-705-7555
A summary of The One Big Beautiful Bill Act (OBBBA) and its tax implications.

Summary of the One Big Beautiful Bill Act and Its Tax Implications

By Steven A. Migala • July 22, 2025
The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, as Pub. L. No. 119-21, permanently extends and modifies key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) while introducing new tax benefits and limitations. The law affects individuals, seniors, children, businesses, and charitable organizations.
An in-depth discussion of the One Big Beautiful Bill Act and its tax implications.

The Impact of New Tax Bill - The One Big Beautiful Bill Act - a videocast

By Steven A. Migala and guest Ed Brooks • July 21, 2025
Lavelle Law Shareholder Steven Migala and DHJJ Financial Principal Ed Brooks join host Jim Mitchell for an in-depth look at the new U.S. tax legislation, the One Big Beautiful Bill Act, and discuss how it will impact both businesses and individuals.
An in-depth discussion of the One Big Beautiful Bill Act and its tax implications.

The Impact of New Tax Bill - The One Big Beautiful Bill Act

By Steven A. Migala and guest Ed Brooks • July 21, 2025
Lavelle Law Shareholder Steven Migala and DHJJ Financial Principal Ed Brooks join host Jim Mitchell for an in-depth look at the new U.S. tax legislation, the One Big Beautiful Bill Act, and discuss how it will impact both businesses and individuals.
What is a fee-shifting provision?

How Do I Get the Other Party to Pay My Attorney’s Fees?

By Sarah J. Reusché • July 15, 2025
In the United States, the "American Rule" generally requires each party in a legal dispute to cover their own attorney's fees, regardless of the case's outcome. However, exceptions exist where a judge may order one party to pay the other's attorney’s fees in specific circumstances. Sarah Reusché explains.
The reconciliation process and the financial relationship between landlords and tenants.

Reconciliation of Common Area Maintenance Charges, Taxes, and Insurance: What to Know

By Theodore M. McGinn • July 14, 2025
In commercial leases, particularly those involving retail or office spaces, tenants typically pay not only base rent but also a share of additional operating expenses. These include Common Area Maintenance (CAM) charges, property taxes, and insurance premiums. The reconciliation of these expenses is a key process.
Delaware Supreme Court’s Analysis of Indemnification Notices in Merger and Escrow Agreements

Banking and Business – July 2025

By Steven A. Migala • July 11, 2025
Attorneys drafting or reviewing indemnification clauses and notice provisions in a sale or acquisition governed by Delaware law should be aware of the recent Delaware Supreme Court decision in Thompson Street Capital Partners IV L.P. v. Sonova U.S. Hearing Instruments, LLC.
Update on Illinois Tax Changes

Tim’s Tax News on the Tenth – July 2025

By Timothy M. Hughes • July 10, 2025
Beginning July 1, Illinois residents will face a series of tax increases related to the Fiscal Year 2026 budget, which takes effect from July 1, 2025, to June 30, 2026. These increases are from the $55+B state budget that is supposed to generate $700+M of new taxes ranging from gasoline, short-term rentals, and more.
Contaminated Cilantro and the Need to Provide Notice to a Seller of a Breach of the Implied Warranty

Banking and Business – June 2025

By Steven A. Migala • June 30, 2025
Restaurant patrons allegedly became ill from eating contaminated cilantro and filed personal injury lawsuits against two Chicago restaurants. As part of the litigation, the distributor who sold the cilantro to the restaurants, Martin Produce, Inc., filed a third-party complaint for contribution against the wholesalers.
More Posts