Real estate — eminent domain, tenant reimbursement

Posted May 15, 2019 3:12 PM

Where parties agree in a lease to limit the lessee’s remedy in a case of a partial taking to a rent adjustment and fail to specify the rent adjustment, the lessee nonetheless forfeits any right to a portion of the compensation award for the condemnation.The 1st District Appellate Court affirmed the decision of Cook County Circuit Judge Daniel J. Kubasiak.Market Square Restaurant Inc. executed a 35-year lease on a 15,594-square-foot property at 600 Dundee Road in north suburban Wheeling on March 2, 1978. According to …

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