Asked in Real Estate Law for Illinois

Q: If I’m on the deed but not on the llc that the property is on, do I still have interest?

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2 Lawyer Answers
Anthony M. Avery
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Answered

A: You may need a title search, but definitely need an attorney to read the present Deed to determine the apparent titled owner. As such, it appears the LLC is the tenant and you are the owner.

A: I'm a little bit unclear as to your question. If your name is on the deed, then you are an owner. If the LLC is in title, then it is the owner. Perhaps you are the owner and the LLC is a tenant?

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