What are the benefits of using mediation to resolve lease disputes in commercial real estate?
Lease disputes are common in commercial real estate, especially during times of economic uncertainty or market volatility. Whether it's about rent, maintenance, repairs, termination, or renewal, lease disputes can be costly, time-consuming, and stressful for both landlords and tenants. That's why mediation can be a beneficial alternative to litigation or arbitration for resolving lease disputes in commercial real estate. Mediation is a voluntary and confidential process where a neutral third-party mediator helps the parties communicate, negotiate, and reach a mutually acceptable solution. In this article, we'll explore some of the benefits of using mediation to resolve lease disputes in commercial real estate.