Owning a commercial business can be a challenge on the best of days. When that business is facing the associated stress can reach nightmarish proportions. Hiring a real estate lawyer who specializes in commercial real estate law can help to mitigate that stress and increase chances of a better outcome in court. Below are just a few of the issues that lawyers who focus on real estate law like Bonnie A. Winders, LLC. often help clients address.
Breach of Contract
When a piece of commercial property is bought or sold, it constitutes a business agreement. Should a sales agreement, real estate agreement, or asset purchase agreement be broken by one party, it may lead to a lawsuit for breach of contract. Whether the commercial business is being sued or filing suit, the owner will want to have a lawyer who has handled similar cases in the past on their side.
Commercial real estate brokers should be held to the highest standard. If a broker fails to disclose important details about a property, engages in self-dealing or earns undisclosed profits, or acts in an otherwise unprofessional way that causes harm to property buyers or sellers, there may be cause for filing a lawsuit.
Most boundary disputes, even between commercial property owners, can be resolved through negotiation. When it is not possible to resolve the dispute amicably, however, litigation is often the best course of action. Filing a suit with the help of a lawyer can help to ensure that property rights are protected.
If a commercial property is owned by more than one person, there is no guarantee that all of the parties involved will always be on the same page about what to do with the property. Typically, in partition, a property will be forcibly sold and the monetary assets divided between owners as per court order. The property itself is sometimes divided into smaller parcels and redistributed as well.
These are only a few examples of commercial real estate litigation in Williamsport, MD. Commercial business owners can learn more online today about how to protect their hard-earned investments.
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