Arbitration is a technique for the resolution of disputes outside the courts, where the parties to a dispute refer it to one or more persons (the “arbitrators” or “arbiters”) by whose decision (the “award”) they agree to be bound. It is a resolution technique in which a third party reviews the evidence in the case and imposes a decision that is legally binding for both sides and enforceable.
Our Arbiters deal with disputes on capital value and rental value of residential and commercial property, boundary disputes, building defects, dilapidations, landlord and tenant disputes, damage to property, restrictive covenants, party walls, rent reviews, lease renewals, lease extensions, freehold purchase and surveyor negligence.
The advantages of arbitration
- Litigation can be costly and time consuming. If both parties are able to agree to the appointment of a third party:
- They would have control of the proceedings
- The timetable can be decided by the parties
- The time-lag between inception of the dispute and decision greatly reduced
- The dispute will be resolved by a surveyor arbitrator or independent expert who is a practitioner in the field