Commercial real estate transactions are often significant investments involving multiple parties and complex agreements. When disputes arise, they can quickly become complicated and costly if not addressed promptly. Having a clear understanding of common issues and how to approach them can make a significant difference in achieving a favorable outcome. This blog is thanks to our friends at Volpe Law LLC.
Breach Of Contract Issues
Contracts are fundamental to commercial real estate transactions. Whether it’s a purchase agreement, lease, or construction contract, disputes over contract terms can occur. Breach of contract cases typically involve allegations of failing to meet agreed-upon obligations, such as payment terms, construction timelines, or property maintenance requirements. To address these disputes, reviewing contract language and seeking legal advice early can help determine the best course of action. Your attorney will review the contract and determine if the contract was breached and in what specific manners it was violated.
Lease Disputes
Lease agreements are another common source of litigation in commercial real estate. Issues can arise between landlords and tenants over matters such as non-payment of rent, property use violations, or maintenance responsibilities. When lease disputes occur, reviewing the original lease terms and relevant communications between the parties is essential. A commercial real estate litigation lawyer can help determine whether lease provisions have been violated and recommend suitable actions to resolve the disagreement.
Property Boundary And Title Disputes
Disputes over property boundaries or title ownership can significantly impact commercial real estate transactions. These issues often involve conflicting surveys, unclear title history, or claims of encroachment. Addressing these matters requires thorough research and documentation to establish rightful ownership or boundary lines. Title disputes can also arise during property sales, making proper title searches and reviews critical before closing any deal.
Construction-Related Disputes
Construction projects often involve multiple parties, including developers, contractors, subcontractors, and property owners. Disputes may occur over delays, non-performance, quality of work, or payment issues. In these cases, reviewing contracts, construction plans, and communication records is vital. Alternative dispute resolution methods, such as mediation, can sometimes resolve issues more efficiently than litigation.
Partnership And Joint Venture Disputes
Commercial real estate ventures often involve partnerships or joint ventures where disagreements may arise over financial contributions, property management, or distribution of profits. Establishing clear agreements and responsibilities at the outset can help minimize disputes. However, when disagreements occur, seeking legal guidance can help find practical resolutions that preserve business relationships.
Resolving Commercial Real Estate Disputes
Addressing commercial real estate disputes requires a practical approach focused on gathering facts, reviewing documents, and pursuing appropriate legal strategies. In many cases, disputes can be resolved through negotiation or mediation before resorting to litigation. When litigation becomes necessary, having experienced legal representation can make a significant difference.
Finding the right attorney and taking on commercial real estate disputes with a well-informed and efficient approach can make all the difference. Consulting a lawyer when disputes arise can help protect your interests and find the most suitable path to resolution.
Contact An Attorney Today
Commercial real estate litigation can be challenging, but proper preparation and understanding of common issues can lead to successful outcomes. Whether dealing with contract disputes, property boundaries, or construction-related matters, having the right legal support is essential. If you need assistance with commercial real estate litigation, contact Volpe Law LLC today.