Imagine this: You just moved into a new home and you want nothing more than to deal with that old fence that separates your yard from the neighbor.
There could come a time when you find yourself locked in a border dispute with your neighbor. While you hope this doesn't happen, it's more common than many people realize.
It may be the buyer's responsibility to look into the zoning regulations before attempting to purchase any property, but it's also wise for the seller to be very aware of what the zoning looks like in advance. This can help to avoid disputes.
When purchasing a home, you want to collect as much information as possible. This often comes in the form of real estate disclosure statements.
The approval of a temporary restraining order has postponed the foreclosure of the Steinway Tower, which is located in Manhattan on "billionaire's row." The investment firm that filed for the restraining order is also an owner of the building. The firm, AmBase, filed the restraining order at the end of July.
The Pacifica Foundation has found itself in court sued by Empire State Realty after falling behind on lease payments. The nonprofit company states that it would like to have a fair settlement with the realty company, complaining that the amount the foundation was charged for rent was far too high.
Although nobody wants to be involved in a condo dispute, it goes without saying that this is all too common.
It doesn't matter if you are buying or selling a piece of real estate, it's important to realize that everything doesn't always go as planned.
When buying or selling real estate, you hope that you never run into a serious dispute. The same holds true if you're in the position of a landlord or tenant.
Usually, neighbors get along. Boundaries are set up to make that happen. You stay in your home and yard and your neighbor does the same. What happens when a boundary is in dispute, though? That's when things get contentious.