Loading…
10
Rant: paid a lawyer $1,500 to review my lease and he caught a clause that would've cost me $8k
I thought that fee was insane for reading maybe 12 pages, but he found a personal guarantee buried on page 9 for a commercial space I was about to sign in Pilsen. My buddy skipped the review to save cash and got stuck paying 6 months of rent after his shop failed. Has anyone here actually won a fight against a personal guarantee clause in Cook County, or is it just game over once you sign?
1 comments
Log in to join the discussion
Log In1 Comment
taylor_patel7d ago
The part about your buddy getting stuck for 6 months is the real lesson here, not the court fight. People focus on whether you can win in Cook County but the guarantee usually has a confession of judgment clause tucked in there too, which means the landlord can skip the whole lawsuit and just get a judgment entered against you. Once that happens you're not arguing the clause, you're begging a judge to vacate it and that's a way harder road. So the whole question of winning after you sign is kind of moot, the fight is 100% before the pen hits the paper. Your $1,500 was cheap, tell your buddy that math is the only clause review class he'll ever need.
9