Disputes during or after a real estate transaction can occur for a variety of reasons. Being involved in a real estate dispute can be overwhelming without a qualified attorney. A piece of real estate can get involved in a dispute, and it is up to the two sides to either settle the disagreement or bring the matter to court to let the legal system decide.
Examples of a Real Estate Dispute
A real estate dispute may occur when two or more parties get into a disagreement regarding contractual obligations, property misrepresentation, or a property line that hasn’t been well defined. The matter can be resolved between the parties by a negotiated agreement with or without mediation or the matter can be brought to arbitration or court to be litigated until a final judgment.
- A dispute can begin when a contract hasn’t been complied with, when the condition of the property has been misrepresented, or if someone damages a property so much that it causes the property to decrease in value or require significant restoration. These are just several examples.
- A property dispute may occur when a business breaks a lease at a commercial property resulting in damages, or a commercial tenant of a business has to be evicted.
- Another example is if the property owner determines that the property has been damaged, or the business has vacated but still has time left on the lease.
Why a Lawyer Should Be Hired for a Real Estate Dispute
Real estate disputes can get complicated fast. Contracts can be difficult to decipher for the average person. Figuring out the specific breach of the contract signed or understanding the exact misrepresentation of the property under dispute takes time and energy, and an assessment of the economic risks and rewards has to be carefully evaluated. Finding leverage or pressure points among the parties requires a good understanding of the legal system.
If you find yourself in the middle of a real estate dispute, it’s time to call for legal help. With an experienced attorney on your side, get assistance in the difficult situation.