Tim Hammersmith authored an article featured in the Newsletter of the Illinois State Bar Association

The article, "Your Tenant Just Exercised Its Option to Purchase - Where Did your Cash Flow go Until Closing?," was featured in the newsletter of the Illinois State Bar Association's Section on Real Estate Law.  It provides insights on how to include important details when drafting the option provisions for tenants who have the option to purchase leasehold premises as part of their commercial real estate lease.  To read the article, please download the attached PDF or if you are a member of the ISBA, click here to read the full article.