Reda | Ciprian | Magnone, LLC
Attorneys

Real Estate Case: Attorney Approval

The Second District of the Illinois Appellate Court clarified Illinois law relating to attorney approval clauses in residential real estate transactions. In the case PATEL v. MCGRATH (2-06-0472) the court ruled that unless an attorney specifically proposes a modification (rather than a suggestion for better or different terms), that proposal is not a counter-offer (as was thought to be the case based on prior rulings) but instead, the then “current” contract remains in full force and effect. The new Multi-Board Real Estate Contract 5.0 has adopted an attorney modification paragraph in conformity with this case.

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Reda | Ciprian | Magnone, LLC
8501 W. Higgins Suite 440
Chicago, Illinois 60631

Call: (773) 399-1122
Fax: (773) 399-1144

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Firm Overview

Reda | Ciprian | Magnone, LLC serves the public and other Illinois attorneys by providing timely, accessible information about Illinois law, specifically, estate planning, probate, entity formation, corporate, landlord-tenant, real estate & other areas of the law. Our firm has assisted clients as far away as France and India in their Illinois legal matters.

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Areas of Practice

Probate Law Landlord Tenant Law Corporate Law Real Property Law Estate Planning