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A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
Harrison Street Real Estate Capital, which uses the trade name Harrison Street, is a real estate investment firm headquartered in Chicago, Illinois. The firm is currently the alternative real assets arm of Colliers International. In 2024, Harrison Street ranks as one of the top five owners in senior housing in the U.S. [2]
The chain furniture store operates in dozens of states. In Central Illinois, locations include Champaign and Decatur. Hilco Consumer-Retail is overseeing the closing sales for American Freight as ...
Walter E. Smithe is a furniture company based in Itasca, Illinois. The company makes, sells, and repairs furniture, specializing in custom upholstery, and operates ten showrooms throughout the Chicago metropolitan area. It was founded by Walter Edward Smithe and Bill Shanahan in 1945.
A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
Contract is Not Clear or Enforceable: If the contract terms are ambiguous, not agreed upon by all parties, or the contract is otherwise unenforceable, specific performance will not be granted. Speculative Purposes: If the purpose of enforcing the contract is speculative in nature, such as for anticipated profits from development or resale ...
The name "Lawndale" was supplied by Millard and Decker, a real estate firm which subdivided the area in 1870. In 1871, after the Great Chicago Fire , the McCormick Reaper Company (later International Harvester ) constructed and occupied a new large plant in the South Lawndale neighborhood, and many plant workers moved to eastern North Lawndale.
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