When entering into a commercial real estate transaction, everyone expects the best but it is important to also plan when things go wrong and not according to plan. Unfortunately, commercial real estate transactions can sometimes go awry and may lead to litigation. As a result, it is important to be prepared to navigate the legal steps associated with a commercial real estate transaction and also to understand how to respond if problems with the transaction do arise.
A number of commercial real estate disputes can be resolved through negotiation, but it is useful to be prepared to litigate the dispute if necessary. There are a variety of circumstances during which it can be important to understand legal rights and remedies, including when a contract has been breached; in circumstances of construction defects of other construction-related problems; issues related to general real estate litigation; in circumstances of quiet title actions; foreclosures on behalf of the creditor; evictions when lease payments are no longer being made; and in other circumstances.
It is helpful to understand how to properly negotiate, draft and execute leases and purchase agreements to begin with, which may help avoid some bumps down the road. When challenges become unavoidable, real estate litigation options are available to help guide business owners, parties to a contract that has been breached and others through the process of resolving their dispute and concerns.
A variety of legal resources can help ensure the best transaction possible and aid when a transaction is not progressing smoothly. Being familiar with these resources, and how to summon them when needed, can be essential for business success and achieving the best outcomes possible in the circumstances.