When buying or renting any type of real estate, there are a few words you never want to hear. "Mold" is among them.
There are many reasons why mold is a bad word in the real estate industry, including the fact that it can impact resale value. Furthermore, it can cause a variety of health concerns, such as headaches, stuffy nose, allergic reactions and respiratory problems.
Take for example somebody who is renting a condominium. If you discover mold, you have the right to request that the problem be addressed without delay. In the event that the problem persists, there may come a time when you need to bring a lawsuit against the condo board.
We are well aware that mold litigation can be extremely time consuming and expensive. Not to mention the fact that nobody wants to get caught up in this type of situation, as it can make for awkward personal encounters.
For this reason, arbitration and mediation are two additional strategies to consider. This type of alternative dispute resolution can save both parties time and money. Most importantly, when everything is said and done the problem will be solved once and for all.
There are many things that lead to real estate litigation. Mold is one such cause, as this can wreak havoc on the property as well as a person's health.
If you want to learn more about mold litigation, our website has you covered. We have many pages devoted to real estate litigation. Start out on our "New York City Mold Litigation Attorneys" page for guidance.