How To Resolve A Commercial Property Dispute
Posted by on Aug 15, 2017 in Blog, Real Estate Law
Commercial property disputes can be complex and time-consuming, and it’s important to know what steps to take to ensure a solution is proposed and carried through. When you enter into a commercial lease agreement, both parties agree to certain responsibilities. If these responsibilities aren’t being met, disputes may arise. Read on for Heritage Law’s guide to properly navigating a commercial property dispute.
Route 1: Talk To Your Tenant Or Landlord
Oftentimes, a dispute can be settled without any external intervention at all. If the two parties are able to come to a resolution, ensure that it is in writing and that it is signed by both parties.
If a resolution cannot be agreed upon, it’s still important to write down the issue and send it to the other party, as this can be used later to prove that the issue was brought to their attention. If the discussion doesn’t work, the next step is to apply for remedies. The lease agreement will list what remedies both landlords and tenants can apply for.
Route 2: Identify & Apply for Remedies
Once both parties are aware of the issue, a landlord or tenant may move forward and apply for remedies through a couple of different routes. Remedies are a legal term for actions a landlord or tenant can request if they feel that the other party has not fulfilled their responsibilities in the lease agreement.
Tenant Remedies
- Damages
- Rent Abatement
- Compensation
- Termination of Lease
Landlord Remedies
- Recovery of Rent
- Termination of Lease
- Recovery of Property
- Damages
Heritage Law Can Help
If you’re in the middle of a commercial property dispute and are looking for some legal help, contact the team at Heritage Law today!
