Professionals know the importance of solid contracts. Contracts establish the terms of the real estate deal, helping ensure that the transaction goes smoothly for all parties. Still, it seems that no matter how specific and legally solid the contract, there are bound to occasionally be contract disputes.
Many contract disputes arise when one or more parties misinterpret contract terms. These disputes can be long, time-consuming, and expensive. It behooves anyone in the real-estate industry to know the commonly misunderstood terms that lead to contract disputes.