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James Nicodemus
About | Practice Areas
The Law Offices of James Nicodemus
2700 Patriot Blvd Suite 250 Glenview, IL 60026» view map
Real Estate Law
Experienced Real Estate Lawyer

When you need accurate representation, whether it’s a divorce lawyer, family lawyer or child custody attorney, James Nicodemus is there for you.

800-986-5891
1. James Nicodemus Glenview, IL
  Attorney at Law - IL, 1992
  John Marshall Law School 1992
2. AboutThe Law Offices of James Nicodemus
  Over 25 years of experience.
3. Practice AreasExpertise
  Real Estate Law
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Donald T. Morrison

Land Use & Zoning, Eminent Domain, Construction, Legal Malpractice

Status: In Good Standing

CONTACT

32 North West St., Waukegan, IL 60085

James J. Burns

Foreclosure, Real Estate, Workout, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

25 North County Street, Waukegan, IL 60085

Hilary J. Negele

Real Estate, Wills, Bankruptcy

Status: In Good Standing

CONTACT

444 N Cedar Lake Rd, Round Lake, IL 60073

Judy Maldonado

Landlord-Tenant, Estate Planning, Divorce & Family Law, Transactions

Status: In Good Standing Licensed: 21 Years

CONTACT

1800 Nations Dr, Gurnee, IL 60031

Judy Karmel Maldonado

Landlord-Tenant, Traffic, Estate Planning, Transactions

Status: In Good Standing Licensed: 21 Years

CONTACT

1800 Nations Dr, Gurnee, IL 60031

Deanna J. Bowen

Real Estate, Adoption, Divorce & Family Law, Transactions

Status: In Good Standing Licensed: 26 Years

CONTACT

1790 Nations Drive, Gurnee, IL 60031

Barbara J. Swanson

Real Estate, Estate Planning, Estate, Transactions

Status: In Good Standing Licensed: 41 Years

CONTACT

4473 Old Grand Ave, Gurnee, IL 60031

Stephen Michael Martin

Commercial Real Estate, Real Estate, Estate Planning, Transactions

Status: In Good Standing Licensed: 43 Years

CONTACT

4212 Old Grand Ave, Gurnee, IL 60031

Erin Elizabeth Cartwright

Landlord-Tenant, Adoption, Divorce & Family Law, Elder Law

Status: In Good Standing Licensed: 24 Years

CONTACT

5101 Washington Street, Gurnee, IL 60031

Erin Cartwright

Landlord-Tenant, Adoption, Divorce & Family Law, Elder Law

Status: In Good Standing Licensed: 24 Years

CONTACT

5101 Washington Street, Gurnee, IL 60031

800-923-0641

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LEGAL TERMS

NET LEASE

A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's ope... (more...)

A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's operating costs as well. When all three of the usual costs--taxes, maintenance and insurance--are passed on, the arrangement is known as a 'triple net lease.' Because these costs are variable and almost never decrease, a net lease favors the landlord. Accordingly, it may be possible for a tenant to bargain for a net lease with caps or ceilings, which limits the amount of rent the tenant must pay. For example, a net lease with caps may specify that an increase in taxes beyond a certain point (or any new taxes) will be paid by the landlord. The same kind of protection can be designed to cover increased insurance premiums and maintenance expenses.

SUBLEASE

A rental agreement or lease between a tenant and a new tenant (called a sublessee) who will either share the rental or take over from the first tenant. The subl... (more...)

A rental agreement or lease between a tenant and a new tenant (called a sublessee) who will either share the rental or take over from the first tenant. The sublessee pays rent directly to the tenant. The tenant is still completely responsible to the landlord for the rent and for any damage, including that caused by the sublessee. Most landlords prohibit subleases unless they have given prior written consent. Compare assignment.

BOND

(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in ... (more...)

(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in court, providing good title to a piece of real estate or completing a construction project. If the person who purchased the bond fails at his or her task, the bonding company will pay the aggrieved party an amount up to the value of the bond. (2) An interest-bearing document issued by a government or company as evidence of a debt. A bond provides pre-determined payments at a set date to the bond holder. Bonds may be 'registered' bonds, which provide payment to the bond holder whose name is recorded with the issuer and appears on the bond certificate, or 'bearer' bonds, which provide payments to whomever holds the bond in-hand.

RESTRAINT ON ALIENATION

A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it... (more...)

A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it never be sold to anyone outside the family. These provisions are generally unenforceable.

COMMERCIAL FRUSTRATION

An unforeseen and uncontrollable event that excuses a party to a contract from performing his or her duties under that contract. For example, a landlord can bre... (more...)

An unforeseen and uncontrollable event that excuses a party to a contract from performing his or her duties under that contract. For example, a landlord can break a lease if the property she agreed to rent accidentally burns down before the tenants move in.

SPECIFIC PERFORMANCE

A remedy provided by a court that orders the losing side to perform its part of a contract rather than, or possibly in addition to, paying money damages to the ... (more...)

A remedy provided by a court that orders the losing side to perform its part of a contract rather than, or possibly in addition to, paying money damages to the winner.

LEASE OPTION

A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to b... (more...)

A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance. A lease option is often a good arrangement for a potential home buyer because it lets him move into a house he may buy without having to come up with a down payment or financing at that time.

REAL PROPERTY

Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes. Anything that... (more...)

Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes. Anything that is not real property is termed personal property.

NOVATION

The substitution of a new contract for an old one. A novation may change one of the parties to the contract or the duties that must be performed by the original... (more...)

The substitution of a new contract for an old one. A novation may change one of the parties to the contract or the duties that must be performed by the original parties.

Wadsworth Real Estate Lawyer, Illinois

Sponsored Law Firm

The Law Offices of James Nicodemus

SPONSORED LAWYERS

Donald T. Morrison

James J. Burns

Hilary J. Negele

Judy Maldonado

Judy Karmel Maldonado

Deanna J. Bowen

Barbara J. Swanson

Stephen Michael Martin

Erin Elizabeth Cartwright

Erin Cartwright

TIPS

LEGAL TERMS

NET LEASE

SUBLEASE

BOND

RESTRAINT ON ALIENATION

COMMERCIAL FRUSTRATION

SPECIFIC PERFORMANCE

LEASE OPTION

REAL PROPERTY

NOVATION

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