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Common Causes of Commercial Real Estate Litigation In Florida
Whether you are a commercial real estate investor, developer, landlord, or tenant, you know that commercial real estate, like ay business, is subject to its fair share of disputes. As much as you may put in place practices to minimize commercial real estate disputes, it is not always possible to entirely prevent them from spilling out into litigation. After all, a once good commercial tenant may be neglecting the property, or your contractor on a commercial development may not be meeting deadlines. You could have a misunderstanding with your partner in a commercial real estate investment business. Whatever the case may be, these disputes can lead to some common types of commercial real estate litigation. An experienced Oakland Park, FL real estate litigation attorney can represent your rights in a commercial real estate dispute.
Common Reasons For Commercial Real Estate Litigation
Zoning and Land Use Disputes
Commercial real estate developers can be affected by zoning and land use issues. A zoning law restricting certain property use can affect the value of commercial real estate, for example. The failure to obtain a required permit can lead to litigation, or a developer may wish to challenge a zoning restriction. Boundary disputes may also give rise to litigation.
Breaches of Contract
When things go wrong in a commercial real estate context, the parties often claim that there has been a breach of contract. This can occur if a commercial landlord fails to make certain promised improvements, if there are issues with a purchase agreement, or in any type of commercial real estate context that utilizes a contract to do business, which is pretty much all of them.
Partner or Co-Owner Disputes
Unlike in residential real estate, co-owning is much more common in commercial real estate. As with any business, disputes can arise between co-owners or partners in a commercial real estate business, leading to litigation.
Property Defects
Litigation related to failure to disclose a property defect is common and occurs when a property owner knows about a material defect in a commercial real estate property but fails to disclose it before a sale.
Call an Oakland Park, FL Real Estate Litigation Attorney
Commercial real estate law is complex, and the business of commercial real estate is often ripe for disputes. This is why every commercial real estate business owner knows that having an experienced Broward County, FL real estate litigation attorney to turn to for advice and counsel is key. At The Elliot Legal Group, P.A. we can assist you with all your commercial real estate litigation needs. Call our office at 754-332-2101 to schedule a consultation.
