Owning property comes with specific responsibilities. Some of these are common, such as paying for homeowner’s insurance or getting repairs done on the property. Others aren’t as common but can have significant impacts on the homeowner.
Each of these four disputes can lead to litigation, so it’s critical to understand what they entail.
1. Lack of proper disclosure
The seller in a real estate transaction is required to make certain disclosures in the transaction. When they don’t provide those transactions, there’s a chance that the purchaser will take legal action. It’s necessary for the buyer to show that the seller knew about the issue. Additionally, the problem can’t have been one that would have been unearthed during an inspection or one that’s overly obvious.
2. Property line disputes
Property line disputes can lead to legal action because they can play a role in where a person places external structures, such as sheds or fences. A property dispute will often lead to needing to hire a surveyor to establish the property line.
3. Misunderstood easements
Some properties have easements attached to them. This arrangement allows one party to use part of the property in a specific manner. This doesn’t give them ownership of the property, but it can sometimes lead to disputes about the manner of usage. Legal action may also be required to establish, alter or cancel an easement.
4. Construction disputes
Homeowners sometimes upgrade their property or make certain updates to it. When they hire a contractor, they expect the work to be done properly and according to the project’s specifications. When the contractor doesn’t uphold the expectations, the homeowner may take legal action. This could be because of subpar workmanship or materials.
Each of these situations requires specific legal strategies to address them. Understanding the options can be beneficial in these situations because it’s critical that homeowners make the decisions that are in their best interests. Working with someone who’s familiar with these real estate matters may make it easier for the homeowner to determine how to proceed.