Disputes happen all the time in real estate. This is why whenever you are buying property for investment it is a good idea to have legal representation on standby in case things don't go according to plan. Real estate disputes often result in litigation. Take a look at some of the most common reasons why you may need a litigation lawyer at some point as a real estate investor.
Contract Breaches
The most common reason for real estate disputes is when one party breaches the agreements that were put forward in the contract. Every real estate contract will have terms and conditions. These terms and conditions must be adhered to. When either party does not live up to the terms of the contract that was signed, then the other one has a right to take legal action. No matter what side of this issue you are on, it is best to hire a real estate litigation lawyer to deal with the details of a breach of contract lawsuit.
Hiding Property Defects
Another reason why real estate litigation may happen is when a seller fails to disclose that there are certain defects on the property. If you are selling a property you must tell the buyer all the defects on the property that you are aware of.
If a buyer can prove that the seller knew about non-evident defects on the property but went ahead and closed the deal without disclosing them, a lawsuit can be filed. Common non-disclosures that warrant a lawsuit include but are not limited to mold in the property walls, and problems with the roof that require extensive repairs or a complete replacement. All of these are issues that can be resolved by a real estate litigation lawyer.
Performance Failure
Whether you are a buyer or seller there are often specific actions listed in a contract that you need to do. These performance directives usually benefit the buyer or the seller. If these directives are not carried out once closing has taken place, then either the buyer or the seller can take legal action. This is another area in which a real estate litigation attorney can assist you as well.
Get the Help You Need
.A real estate litigation lawyer has a strong role to play in settling disputes that can arise during the sale or after the sale of a property. Once there is a breach of contract, performance failure, or any hiding of defects on the property, a lawyer can step in and assist you with solving these problems.
Contact a local real estate litigation lawyer to learn more.
