New York City is among the hottest real estate markets on the planet. The players involved in these transactions are among the highest-powered individuals and organizations in the country. With so much at stake, the world of commercial real estate transactions can be cutthroat, and disputes can quickly become heated. In these cases, the solution might be aggressive litigation.
With that in mind, here are some of the most common legal disputes in the world of commercial real estate in New York City. Remember, working with an experienced New York City real estate litigation attorney can help you recognize pitfalls and turn challenges into opportunities.
Breach of Contract
Given the complexity and high stakes of real estate transactions in New York, even a minor deviation from the agreed-upon terms of a contract can lead to significant financial losses and other costly harm. Common examples include failure to disclose property defects, non-payment of rent, or violation of lease terms. A skilled attorney can help you understand and overcome these issues, whether you are the plaintiff or defendant, and work toward a resolution that protects your interests.
Zoning and Land Use Disputes
In a city as densely populated as New York, zoning and land use regulations are strictly enforced. Disputes can arise when a property owner or developer seeks to use a property in a way that conflicts with these regulations, such as attempting to build a commercial structure in a residential area. These cases often involve multiple concerned parties, including city officials, community groups, and neighboring property owners. An experienced real estate litigation attorney can help you recognize your rights and obligations and represent your interests in negotiations or legal proceedings.
Title Disputes
A title dispute occurs when there is a disagreement over a property’s legal ownership. These disputes can arise due to a variety of factors, such as errors in public records, undisclosed liens, or fraudulent transfers. Multiple parties may sometimes claim ownership of the same property, further complicating matters. An attorney well-versed in real estate law can help you resolve title disputes, protect your ownership rights, and ensure that you can proceed with your commercial real estate transactions with confidence.
Boundary Disputes
Similarly, neighbors often have disagreements over the true boundaries of their properties. In a city as old as New York, poorly surveyed property lines, long-held misassumptions, and even changes to the physical property of the land in question are not uncommon. An experienced real estate attorney may be necessary to resolve these disputes.
Environmental Liability
Environmental liability is a growing concern in commercial real estate, particularly in a city like New York that has a long history of intensive industrial activity. Property owners and developers can be held responsible for contamination and pollution, even if they were not directly responsible for causing it. These cases can involve costly cleanup efforts and other liabilities. Working with an attorney who understands environmental law can help you assess and mitigate these types of risks and defend your interests if a dispute arises.
Contact Levy Goldenberg LLP Today
Pursuing litigation over a real estate transaction in New York City can be an incredibly challenging endeavor, but you don’t have to go through it alone. Instead, you can get help from an experienced and skilled legal professional. The seasoned New York City attorneys at Levy Goldenberg LLP have more than 35 years of combined commercial and real estate litigation experience to put at your disposal. We are proud to represent businesses of all sizes in the New York City Metropolitan Area, and we know how to seek effective solutions to a wide range of legal disputes.
With us on your side, you will have a trusted advocate who can protect your rights and help you seek the favorable outcome you deserve. Call us today or contact us online for a confidential consultation with a member of our team.