Are you familiar with the most common kinds of property disputes? Do you know what a property dispute is and what to do if you are involved in one? Property disputes are typically any form of legal disagreement that relates to property or real estate such as a home, commercial building, or land. While these disputes may be fairly simple to rectify when proper documentation and contracts are in place, there are some scenarios that escalate quickly into heated legal battles.
Property disputes can involve several parties, including homeowners, landlords, tenants, neighbors, associations and agencies, and more. There are many different types of property disputes and a variety of ways that these disputes can be prevented. Let’s take a look at the most common kinds of property disputes, how to avoid them, and how Hankey Real Estate Law can help.
There are many different types of property disputes that can occur since there are numerous forms of real estate and a large number of various parties that can be involved.
Real estate transactions such as purchasing, selling, or leasing properties always involves (or should involve!) legal contracts. These contracts can detail anything from rent payment agreements to rules and guidelines for property usage to homeowner and landlord responsibilities. When the specified parties do not fulfill duties or obligations as outlined in this legal paperwork, this constitutes a breach of contract.
Real estate fraud can be any number of fraudulent actions taken during a real estate transaction, however, it is most commonly misrepresenting a property or withholding information.
In some circumstances, property disputes will arise over where a property line or boundary line is. This could be in reference to a practical property line or a legal line, and often needs to be clarified with legal proceedings.
When multiple parties own a property, disputes between these parties, also known as co-owner disputes, can come up. These can entail how much each party is paying towards the property, what the property is being used for, and more.
There are multiple ways that you can avoid being involved in a property dispute. If you are considering purchasing a property, conduct a title search to ensure that it is legally clear prior to purchase. Verify the sales deed is accurate and does not contain any errors. Ensure that you have obtained all required approvals and licenses if you are building or conducting business on your property. Exercise additional caution when dealing with inheritances, making sure that transfers, proof of inheritance, and power of attorney are all legally documented and accurate. If there are other owners for the property, create a contract between all parties clearly outlining the responsibilities of each party.
If you have taken all precautions in an attempt to avoid being involved in a property dispute, but you still find yourself roped into one, it is likely time to utilize real estate law services. This legal sector specializes in resolving property disputes fairly and efficiently. For all your real estate law needs, contact Hankey Law Firm today.