Whether it is your first or your fiftieth foray into the world of commercial real estate transactions, an unforeseen dispute could derail all of your efforts. Even those with decades of experience making commercial real estate transactions have found themselves foundering when a dispute occurs. As you might imagine, those without experience buying and selling commercial property often experience the most disputes.
To increase your education about these issues, we have provided a short list of common real estate transaction disputes in the section below.
- Breach of contract
- Zoning and regulatory issues
- Conflicts with brokers and/or agents
- Fraud or nondisclosure
- Predatory lending practices
- Evictions and foreclosures
- Distressed real estate
- Failed real estate transactions
- Construction defect disputes
- Issues involving access and easements
Unfortunately, issues like the ones above can arise even when all parties act in good faith and with the best of intentions. However, good intentions matter little to those facing a real estate transaction dispute. In these situations, what matters most is preserving the transaction without incurring further costs and delays.
In many cases, you can minimize disputes by avoiding mistakes on your side of the transaction. It is worth noting at this point that a real estate attorney can ensure that your dealings with the other party remain free of errors. While this will not prevent the other party from causing a dispute, having a lawyer by your side can prepare you to address conflicts successfully.
You can learn more about residential and commercial real estate transactions by continuing to explore our website. Our firm's blog posts also contain invaluable information about these and other Minnesota real estate issues.