What are the options for resolving a commercial real estate dispute?

Resolving a commercial real estate dispute in California can involve several options. The most common route is to negotiate with the other party. This may involve mediation, which is when a neutral third-party assists the parties in coming to an agreement. It is also possible to take the dispute to court, which requires filing a lawsuit. In this case, the court would decide who is responsible for the dispute and what the outcome should be. Another option is arbitration, which is similar to mediation, but is conducted by an impartial third-party. This third party can issue a decision that is binding for both parties. This process can be quicker and less costly than going to court. Finally, it is possible to use a dispute resolution program. This means that the two parties will go to a dispute resolution program provider, who will then look into the dispute and come up with a solution. This is much like a court, but is often less formal and less costly. No matter which option is chosen, it is important for both parties to understand the terms of the dispute resolution and to make sure that any decision that is made is fair. This is why it is best to work with a lawyer who understands commercial real estate law and can help you achieve the best outcome.

Related FAQs

What are the options for resolving a commercial real estate dispute?

Related FAQs

Related Blog Posts