Schak v. Blom

PRESIDING JUSTICE SOUTH

delivered the opinion of the court: Plaintiff, Donald Schak, operated a commercial office building on 800 E. Northwest Highway in Palatine, Illinois. Defendant, Robert Blom, rented suite 90 at 800 E. Northwest Highway from plaintiff. On November 23, 1994, the parties entered into an agreement whereby defendant acknowledged and agreed to pay $11,000 over a 24-month period for back rents due since December 1, 1992. On October 1, 1996, the parties entered into another agreement in which defendant acknowledged a $56,734.78 debt and granted plaintiff a security interest in…