You love being able to lease out your duplex, but you also know that whoever you bring in needs to be a safe, respectful tenant. How can you make sure you protect yourself as a landlord and only work with people who are respectful of your property?
Real-estate disputes can happen for any number of reasons, but for these families, the cost of construction defects has left them in a serious conundrum. In June 2009, buyers started to purchase homes through a city program that offered low-income residents a way to purchase a home. Now, the board of each complex the program used is suing the Briarwood Organization, stating that construction defects have created millions of dollars in repair bills and hurt the values of the homes.
A real estate purchase is relatively straightforward. There are a series of steps that you need to go through to create, sign and finalize a contract. Working with a real estate agent and attorney can help you protect your interests when you purchase a home.
Arbitration is one option you have if you're struggling with a real estate dispute. With arbitration, you can choose to have binding or non-binding settlements. Arbitration helps resolve disputes quickly and cost-effectively, while also keeping your dispute confidential. Any dispute that goes to court will have public exposure, which you may not want.