Disputes involving real estate properties will most likely be heated and stressful. After all, who would want to lose a property? According to the website of Slater Pugh, Ltd., LLP, real estate disputes can be complicated and technical for a common individual. Although they can be resolved out of court, some disputes do end up in the court room. In this article, we shall tackle the different kinds of real estate disputes.
- Non-Disclosure of Defects
- Once the property has been sold, the seller allegedly did not disclose property defects, such as structural issues or additions made without permits.
- Quiet Title
- Quiet titles are unsettled claims that cloud the buyer’s ownership of the title. Litigation is required to invalidate unsettled claims.
- Disputes with Agents or Brokers
- While they are esteemed for their high standard of professionalism, most claim that they do not live up to these standards. There are various claims such as breach of fiduciary duty, errors and omissions, or undue pressure to buy.
- Easement and Neighbor Disputes
- The buyer of the property can get into disputes with neighbors regarding a wide range of issues such as boundaries, fences, and easement.
- Zoning and Land Disputes
- There are legal use restrictions that every developer and homeowner should abide with in order to obtain permits. To prevent unlawful use, they need to enforce zoning laws and when the parties do not comply, this is where disputes arise.
- When proper procedures in foreclosing a property is not followed, the aggrieved party will usually resort to legal remedies to keep them from losing their property.
- This is a step that the government undertakes to get hold of privately held property. It is the court who will determine the amount to be paid or when the owner seeks compensation.
These are just some of the common disputes that arise in the real estate industry.