Articles with keyword "Litigation"
The Laws that govern Arizona commercial landlord tenant issues are much less comprehensive than the laws that govern residential landlord tenant issues. Commercial lease issues usually involve retail, industrial, office space, or other commercial uses. Often, these disputes are governed primarily by the lease terms themselves.
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These days, there are many issues that can kill a deal. With the prevalence of short sales, foreclosures and other non-traditional transactions it can be very difficult for brokers to keep a deal together through closing. Buyers back out for many reasons and sometimes no reason. When they do, there may be significant earnest money in dispute. Whether the seller or buyer “breached” the purchase agreement and who is entitled to the earnest money is often hotly contested.
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Title issues such as mechanic's liens, rogue deeds in the chain of title and adverse possession claims can hold up a transaction. It is important to properly identify the problem before a solution can be reached.
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If a buyer of real estate believes that material information about the property was concealed or otherwise not disclosed, they could sue. Sellers of real estate often face the most exposure when a real estate deal goes bad.
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In these difficult times, real estate brokers are finding it more and more difficult to collect lease commissions from commercial landlords. But brokers have several legal options at their disposal.
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