Common Types of Real Estate Disputes

Despite what all the aspirational content about entrepreneurship will tell you, there is no industry where your entrepreneurship amounts to passive income. Buying real estate properties and renting them out sounds like easy money until you do it. The everyday costs of maintaining the properties, or of outsourcing the work of maintaining them, are high enough even when things go well, when you have a good relationship with your tenants, none of the properties are vacant, and the repairs the properties need are just a matter of fixing ordinary wear and tear. The expenses that can truly tank your real estate business venture are the ones that involve legal disputes. If you are lucky, the parties can resolve the matter just by hiring lawyers and negotiating an agreement outside of court, but at least one of them will have to pay a lot of money. The costs are even higher if a judge decides the outcome. For help preventing and resolving disputes in your real estate business, contact a Washington, D.C. real estate lawyer.

Disputes Over Rent Payments and Other Terms of the Lease Agreement

If you buy a real estate property as an investment, and a tenant rents it, you are on the way to making money, but that is only if both parties hold up their ends of the agreement. If your tenant doesn’t pay, your expenses add up quickly, as the costs of property maintenance and, if applicable, utilities and payroll, must come out of your own pocket. Chasing tenants around to get them to pay their overdue rent is a hassle, and going through eviction proceedings leaves both parties in a worse financial position. It is an even bigger mess when a tenant accuses of failing to uphold your obligations, such as by not making repairs in a timely manner.

Real Estate Purchase Agreements Gone Bad

If you are in the middle of negotiations to purchase or sell a real estate property, and the process is dragging on, you might wish that the only problems you had to deal with were tenants who paid their rent late and complained about the condition of the property. Waiting for a real estate transaction to close is painful, and everyone loses if the deal falls apart.

You might also find, after you buy a property, that there is uncertainty about whether you legally own it. Disputes over the property’s title, dating back to the previous owner, or even an earlier one, can come back to haunt you, even years later.

Disputes Over Boundaries Between Real Estate Properties

If you own the property for your own use, instead of renting it out, you might think that everything is smooth sailing. You might be surprised, though, at how easy it is to disagree with your neighbor about where your property ends and your neighbor’s property begins. Sometimes, you need a court order to resolve these disputes.

Contact Tobin O’Connor Concino P.C. About Real Estate Disputes

A Washington, D.C. real estate attorney can help you resolve legal disputes related to your real estate property.  Contact Tobin O’Connor Concino P.C.  in Washington, D.C. or call 202-362-5900.

Source:

wmdt.com/2024/09/effective-in-october-maryland-will-seal-eviction-records-from-the-public-changing-the-dynamic-between-landlord-and-tenant/