When you are entering into any commercial real estate deal, you want to do everything that you can to avoid legal disputes. These arguments can cost you a lot of time and money, and some risk derailing a project entirely. This is why it is a good idea to consult Long Island, NY real estate litigation lawyers when you enter into any kind of real estate contract.
Will Writing Everything Down Help Me Avoid Legal Disputes?
One mistake that some people make when they make real estate deals is not putting everything in writing. Even if you trust your business partners or you have worked with them before, having everything in writing is a good idea. This can reduce confusion, and this can make it easier to avoid legal disputes. If everything is clearly laid out in contracts, then it is hard for anyone to have an issue with the deal later on.
Do I Have to Go to Court to Handle Legal Disputes?
You actually may not have to go to court to resolve legal disputes that come up during a real estate deal. If disagreements still come up even though you have done your due diligence and crafted airtight agreements, you may be able to work out a solution outside of the courtroom.
Mediation and arbitration can both be good ways to come to mutually beneficial agreements without the need for litigation. These methods can also be faster than going through the courts. In some cases, this can help save everyone involved a significant sum of money.
Do I Need to Have a Lawyer for Commercial Real Estate Transactions?
The complexity of real estate transactions and the potential issues that even minor legal disputes can cause cannot be understated. This is why having an experienced lawyer on your side during every step of this process is recommended.
A lawyer from our firm can help you with the contracts. They can make sure that contracts are enforceable and do not leave you unprotected. Your attorney can help you if a problem comes up and you have to resolve it, whether that is through arbitration, mediation, or litigation. They can also handle communications with other attorneys and other parties involved when there is a dispute.
Meet With Our Legal Team
So if you want to do everything that you can to protect yourself during commercial real estate transactions, you should have a good legal team on your side. Contact David A. Gallo & Associates, LLP and schedule a consultation. We can tell you more about what we can do to help you avoid legal disputes and protect your interests in any real estate deal. Every deal is different, but our commitment to protecting our clients remains the same.