Litigation Arising Out of Condo Construction Delay
In the Las Vegas condominium market, one of the largest problems to arise in recent times is the increasing frequency of defaults on condominium contracts due to projects that are not completed on time.
The overall real estate market in Nevada has become "upside-down," meaning that people who purchased a condominium prior to completion now find that their property is worth less than they paid. Many buyers no longer wish to be saddled with an expensive mortgage for a property that may take years to recover its purchase value.
Untimely performance, construction delay and misleading statements by condominium sales agents or real estate brokers may form the basis of a default. If you need help to get your down payment or earnest money paid on a Las Vegas condominium back, please contact the lawyers of John Peter Lee, Ltd., for a free consultation.
Experienced Representation in Condo Litigation
At John Peter Lee, Ltd., we have represented both sides—buyer and seller—in complicated condo litigation. The downturn in the economy and collapse of the condo market has given rise to a dramatic increase in the litigation of disputes over performance, purchase and sale agreements, financing and other real estate and construction matters.
We also offer sound legal advice and experienced representation in disputes involving condo owners and management boards, including the litigation and arbitration of disputes over shared expenses, nuisance complaints, property disputes and the enforcement of covenants.
The level of experience and accomplishment you will find at John Peter Lee, Ltd., makes our attorneys a logical choice to represent your interests in condo litigation. Our thorough understanding of the Las Vegas market and local laws enables of to be of particular benefit to those who are new to the area. Contact our offices to schedule a free and informative initial consultation.
