Property problems: Arbitration and mediation could resolve dispute
Q. I am the owner of commercial premises that have been leased to a tenant company for the past 10 years. We have always had a good relationship but recently a major dispute has arisen between us in relation to the repair and maintenance of the property. This problem needs to be resolved quickly but I would like to avoid spending too much money doing this. Is there an alternati
Monday, August 16th 2004, 6:49AM
by The Landlord
ve way of resolving this dispute other than going to court? Our tenancy agreement is set out on the Auckland District Law Society standard lease form.A. Two of the most common out-of-court processes for resolving a dispute of this kind are arbitration and mediation. While arbitration is the traditional out-of-court method for resolving commercial disputes, commercial mediation has become increasingly popular.
Choosing which dispute-resolution forum to adopt will depend on issues of cost, time, confidentiality, the nature of the relationship between the parties and whether the parties wish to have a final decision imposed on them or whether they want to make that decision themselves.
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