Hull Law Group LLC

Nearby Lawyers Illinois Cook County Chicago River North North Michigan Avenue

(5 reviews)

Contact Info

Location 444 N Michigan Ave #3450, Chicago, IL 60611, USA
Phone +1 312-441-0881
Website http://www.hulllawgroup.com/

Reviews

Paul and I have collaborated on many transactions throughout the years. In each case that we have had the opportunity to work together, I have found Paul to be incredibly knowledgeable and very responsive. Paul has a deep understanding of real estate law and knows how to protect his clients in a very practical sense, particularly in complex transactions, especially in regards to delinquent property taxes. As a real estate broker, I have referred many clients to Paul and will continue to do so.
I retained Paul for two commercial property purchases specifically to assist me, given by my own inexperience in this area. I have learned that in these transactions there is not much room for improvement in the T&C's, after the initial negotiations have transpired. It would be best if the buyer's attorney focused on saving dollars and heartaches for their client, rather than focusing on areas of the contract that are not as relevant to the transpiring of a smooth transaction. An e.g. would be to ensure that the buyer is fully aware of the property tax situation, for the portion of the purchase year, when the buyer did not own the property. In NNN leases, since the tenant reimburses the landlord, accrued property tax is not withheld on the closing statement. The property tax bill goes to the old owner (owners address in the county records does not get updated for a long time) and the old owner generally does not bother to forward it to the new owner. If you are new to commercial transactions, as the new owner you do not expect to be liable for property tax accrued prior to your ownership (especially if nobody informs you).This can results in penalties, fines, and even result in your tax debt being sold.

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About Hull Law Group LLC

The "Nearby Lawyers" platform is dedicated to connecting local users with highly specialized legal professionals offering critical services and goods for sale. Today, we are featuring Hull Law Group LLC, a prominent law firm situated in the heart of Chicago at 444 N Michigan Ave #3450, Chicago, IL 60611, USA. This prestigious address places the firm in a prime location to serve individuals and businesses throughout Chicago and its surrounding areas, particularly those involved in complex real estate and business transactions. For direct inquiries, Hull Law Group LLC can be reached at (312) 441-0881.

Hull Law Group LLC is led by Paul Hull, an attorney with a demonstrated depth of knowledge and experience in real estate law, especially in commercial transactions and related property tax matters. The firm's specialization appears to be heavily concentrated on navigating the intricacies of commercial property purchases, sales, and the often-overlooked nuances of property tax liabilities in such deals. This focus makes them a vital resource for real estate brokers, investors, and businesses involved in property acquisition and management.

The core services offered by Hull Law Group LLC primarily revolve around commercial real estate and transactional law. This includes:

Commercial Property Purchases and Sales: Providing legal assistance for the acquisition and disposition of commercial real estate, including contract review, negotiation, and ensuring smooth closings.
Delinquent Property Taxes and Accrued Tax Issues: Specializing in complex situations involving unpaid property taxes, and ensuring clients are aware of and protected from past liabilities, particularly in the context of commercial transactions and NNN (Triple Net Lease) structures. This involves advising on how property tax responsibilities are handled post-closing, especially when county records are slow to update.
Protection in Complex Transactions: Offering practical legal strategies to safeguard clients' interests in intricate real estate deals, focusing on risk mitigation and financial exposure.
General Business Law Counsel: While the reviews specifically highlight real estate, firms with this specialization often provide broader business legal advice, especially concerning contracts, liabilities, and transactional aspects for commercial clients.

A significant feature of Paul Hull's approach, and therefore Hull Law Group LLC, is his combination of deep legal knowledge with a very practical understanding of real estate transactions. As one real estate broker client noted, Paul "has a deep understanding of real estate law and knows how to protect his clients in a very practical sense, particularly in complex transactions." This practical orientation is crucial in real estate, where legal theory must be applied effectively to real-world financial and logistical challenges. His responsiveness and accessibility are also consistently highlighted as key strengths, fostering efficient communication and client satisfaction.

The environment at Hull Law Group LLC, as suggested by client interactions, is one of collaborative expertise and diligent client protection. The firm emphasizes being "incredibly knowledgeable and very responsive," creating an environment where clients feel well-informed and supported throughout their complex transactions. The insights provided by a client regarding property tax accruals in NNN leases, and the potential pitfalls for new commercial property owners, demonstrate Paul Hull's focus on alerting clients to non-obvious liabilities. This proactive and protective stance defines their service philosophy, aiming to save clients "dollars and heartaches."

Promotional information from the firm, based on client testimonials, strongly emphasizes their capability in handling complex real estate matters and their commitment to client education and protection. The real estate broker's statement, "As a real estate broker, I have referred many clients to Paul and will continue to do so," serves as a powerful endorsement, indicating a high level of trust and satisfaction from a professional who frequently interacts with various legal services. The detailed explanation of potential property tax issues for new commercial owners (as provided by a client) acts as an educational piece, subtly promoting the firm's expertise in preventing such problems. This shows that the firm doesn't just process transactions but provides foresight and preventative advice.

The "goods" or "services for sale" by Hull Law Group LLC are their specialized legal expertise in commercial real estate, their proactive advice on transactional risks (like property taxes), and their skilled representation to ensure smooth and financially secure property dealings. They are selling peace of mind and financial protection for individuals and businesses engaging in significant real estate investments. Their value proposition lies in their ability to foresee and mitigate potential problems that inexperienced buyers might overlook.

While specific details about Paul Hull's background (e.g., law school, year of admission) are not provided in the prompt, his established reputation among real estate professionals and his direct involvement in complex transactions suggest a seasoned attorney. The client feedback strongly reinforces his expertise in a niche area that requires both legal acumen and practical business understanding.

In conclusion, Hull Law Group LLC, led by Paul Hull, stands out as a highly specialized and recommended legal resource for individuals and businesses involved in commercial real estate transactions in Chicago. Their deep understanding of property law, particularly concerning complex issues like delinquent property taxes in NNN leases, combined with their commitment to client protection and responsiveness, makes them an invaluable partner. For those navigating the intricacies of commercial property purchases or sales, Hull Law Group LLC offers practical, knowledgeable, and reliable legal counsel aimed at ensuring smooth transactions and safeguarding client interests. Their strong referral base from industry professionals further solidifies their standing as a trusted name in Chicago's commercial real estate legal landscape.