Real estate transactions are often lengthy processes with many tasks that must be completed by various parties, but the complexities don’t always end at closing either. Disagreements happen all the time when it comes to real estate. When parties cannot resolve issues amongst themselves, it may be necessary to move forward with real estate litigation.
The following are just a few examples of situations in which real estate litigation may be required:
- Breach of Contract – The contract at the center of a real estate transaction sets out the responsibilities and obligations of all involved parties. If one party does not fulfill its obligations or breaches the contract in some other way, the non-breaching party may pursue real estate litigation. They may seek a court order to ensure the breaching party follows through with contractual obligations, monetary compensation to make up for financial losses, or termination of the contract.
- Seller Disclosure – Sellers are required by law to disclose any known defects or issues that may affect the value, safety, or desirability of the property. Some issues include water damage, pest infestations, and hazardous materials like asbestos. If a buyer discovers undisclosed defects after closing, they may proceed with real estate litigation.
- Boundary Disputes – When property owners do not agree on where one property ends and the next begins, real estate litigation is needed to resolve the boundary dispute and provide clarification.
At Johnson DuRant, LLC, our attorneys are versed in real estate law, and you can rely on our legal guidance when real estate litigation becomes necessary. Contact us today to schedule a free consultation.