847.724.0300

RealEstate

Focused Representation For Builders and Developers

For years, S. Aaron Tenenbaum represented developers in acquisition of the vacant land, distressed or pre-demolition properties, representation throughout the construction process and sale to third party buyers upon completion of remodeling or new construction.  We have done subdivisions, converted rental properties into condominiums, created new condominium and townhome associations, facilitated variances, were instrumental in commencement and completion of complex real estate transactions.  Majority of work is being done on flat fees, so there are no surprises.  We provide valuable legal services to builders and commercial clients at most competitive rates, we understand every stage of residential construction, importance of smooth work with the architects, civil and structural engineers, surveyors, municipal inspectors, and all others involved in the transaction.  We respect construction projects cash flow and importance of prompt work with the lenders, title company requirements throughout maintenance of construction escrow and any and all issues that may affect it.

Without limitation, we offer the following critical legal components for consideration of builders and developers:

  • Detailed pre-acquisition review;
  • Drafting and explanation of all documentation and pitfalls in “For sale by Owner” and purchase “directly from the Owner” situations;
  • Intimate familiarity with residential construction timeline and deadlines;
  • Customized individually drafted Contracts, not preprinted forms, including pre-sale contracts, option contracts, custom home building contract, full municipal construction packages for Chicago and suburbs;
  • Handling all aspects of Mechanics Liens, including drafting and recording of liens, demands to file suit, Mechanic’s Lien litigation and negotiations, handling all aspects of title work relative to implications of Mechanics Lien Act;
  • Review and drafting of general contractors, sub-contractors and suppliers’ contracts;
  • Advice on insurance coverage and builder’s risk insurance;
  • Customized individually drafted home warranties with certain party’s interests in mind;
  • Implication of property taxes: tax appeals, holding of tax escrows, customized tax proration agreements with certain party’s interests in mind;
  • Representation in court on municipal violations;
  • Assistance with lien waivers and contractor’s sworn statements;
  • Ability to act as liaison between clients and municipal building/zoning departments;
  • Review, preparation and registration of all necessary corporate and LLC documentation;
  • Representation of domestic and foreign corporate entities;
  • Arbitration and alternative dispute resolution.

Select us as your attorneys for your next construction or remodeling project, and we will work closely with you with your agenda in mind.  We will save you resources and time, and keep your transaction together and proceed to closing at all costs.  Numerous references from well-established developers are available upon request.

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