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Victor M. Lopez - Realtor / Broker Associate
1 Parkview Plaza, Suite 100, Oakbrook Terrace, IL 60181
C: 630-660-1292  O: 630-954-4600  F: 781-609-0654
My Rentals on the MLS

Contact Victor Lopez

Contact Victor Lopez

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Coldwell Banker Realty - Real Estate Services & Addendum

Real Estate Services

Residential Rental Services

At Coldwell Banker Residential Brokerage, we take care to provide our customers high quality services personalized for their real estate needs. We are available to help you in all of your real estate marketing and services. Our staff members are professional, courteous and efficient.

Buyer and Seller Residential Real Estate Services

We're here to help first time homebuyers find their new homes and sellers sell their homes. We are available to help you in all of your residential real estate marketing and services. Our experienced staff members are all licensed real estate brokers who can help you in all phases of the real estate transaction process.

Commercial Real Estate Services

Whether it's a commercial building with 1 office space tenant and 2 apartments above or a 50 unit apartment building, we will help you in the buying, selling or leasing of your property. We are available to help you in all of your commercial real estate marketing and services. Our experienced staff members are all licensed real estate brokers who can help you in all phases of the real estate transaction process.

Residential Rental Services & Tenant Screening

We specialize in screening potential tenants for your property to make sure you have the best qualified prospect tenant for your apartment. We take care to provide our customers high quality services personalized for their real estate needs. We are available to help you in all of your real estate marketing and services. Our staff members are professional, courteous and efficient.

Lease Renewal Service

Maximize your property returns and retain top-tier tenants with our seamless, legally compliant lease renewal administration. We manage local rent market valuations, paperwork modifications, and full broker compliance execution.

If you have any real estate questions concerning your home marketing, please don't hesitate to contact us. Our friendly real estate agent staff will help find the best solutions for you.

Exclusive Brokerage Agreement Addendum

Lease Renewal Services

1. THE PARTIES: This Lease Renewal Services Addendum ("Addendum") is entered into by and between Coldwell Banker Realty ("Broker"), through its Licensed Broker Associate, Victor M. Lopez ("Agent"), and the Property Owner/Landlord ("Client"). This document amends the existing Property Management or Exclusive Leasing Agreement for the property located at: .

2. PURPOSE & SCOPE: Client engages Broker to execute professional lease renewal services for the existing tenant currently occupying the premises. These services include, but are not limited to:

  • Conducting an updated local market analysis to maximize rental income.
  • Negotiating modified lease terms, rental increases, and lease duration.
  • Drafting a legally compliant Chicago/Illinois Lease Renewal Agreement or Addendum.
  • Ensuring compliance with the Chicago Residential Landlord and Tenant Ordinance (RLTO) and updated Illinois statutes.
  • Managing electronic signature routing and secure document retention.

3. LEASE RENEWAL FEE STRUCTURE: For professional services rendered in successfully securing an executed lease renewal with an existing tenant, Client agrees to pay Broker a Tiered Lease Renewal Service Fee based on the newly negotiated gross monthly rental price.

Client agrees to pay the flat fee corresponding to the applicable tier below (Client must initial the chosen tier):

[     ] TIER 1 (Monthly Rent Under $2,000): A fixed flat fee of $250.00 due immediately upon the execution of the lease renewal document by both Tenant and Landlord.

[     ] TIER 2 (Monthly Rent $2,000 – $3,500): A fixed flat fee of $350.00 due immediately upon the execution of the lease renewal document by both Tenant and Landlord.

[     ] TIER 3 (Monthly Rent Over $3,500): A fixed flat fee of $500.00 due immediately upon the execution of the lease renewal document by both Tenant and Landlord.

4. DUAL AGENCY & ILLINOIS DISCLOSURES: Client acknowledges that Broker acts as a designated agent for the Client. If the lease renewal process requires intermediary action directly impacting tenant rights, Broker will maintain proper Illinois Real Estate Disclosure protocols.

5. COMPENSATION ROUTING COMPLIANCE: In strict compliance with the Illinois Real Estate License Act, Client understands and agrees that all fees, commissions, or compensation generated under this Addendum must and will be paid directly to Coldwell Banker Realty, and not directly to the individual Broker Associate.

6. BINDING EFFECT: All other terms, conditions, and provisions of the original underlying Brokerage or Property Management Agreement not modified by this Addendum remain in full force and effect.

CLIENT / LANDLORD SIGNATURE:



Signature



Printed Name



Date
COLDWELL BANKER REALTY SIGNATURE:



Designated Agent Signature (Victor M. Lopez)



Printed Name



Date