The legal process for enforcing contractual obligations typically begins with a demand for performance. If the party still refuses to comply, the aggrieved party may file a lawsuit. This can result in either a court order requiring specific performance or a judgment for damages. Specific performance may be particularly relevant in property disputes when the subject matter is unique, such as real estate, where monetary damages may not suffice to remedy the situation.
In addition to direct losses, further considerations such as consequential damages may be relevant. These losses could stem from the inability to utilize the property as intended or the costs associated with alternative arrangements. Calculating these financial implications can be intricate, often requiring a detailed understanding of the specific circumstances surrounding each case to ensure all relevant losses are accounted for.
Common types of property disputes include boundary disputes, landlord-tenant issues, title disputes, easement conflicts, and disputes over property rights.
The litigation options for property disputes typically include filing a lawsuit in civil court, seeking mediation or arbitration, and pursuing alternative dispute resolution methods.
You should consider pursuing legal action when attempts at negotiation or mediation have failed, if there is a significant financial loss at stake, or if your property rights are being threatened.
Specific performance is a legal remedy that requires a party to fulfill their contractual obligations, often used in real estate transactions when monetary damages are insufficient.
Damages and compensation in property disputes are typically calculated based on the financial losses incurred, which may include lost rental income, property depreciation, or costs associated with legal fees and other incurred expenses.