April 2014

Breach of Contract Advice to Lawyers

The most common case that I testify on as a commercial real estate expert witness is the "Breach of Contract". This routine type of case may have many twists and turns so my advice to the legal community is to draft an outline for your clients that will serve as a log.

A log of events would be extremely helpful for me in documenting when the breach occurred and a time line of any correspondence between the parties. Of course, a clear description of the breach which should be in the words of the parties.

Since all breaches include mitigation of damages, a time line from the client is imperative. If an attorney represents the owner of the real estate, then please have them provide bids from a minimum of two contractors and the commencement date of the refurbishment. Since it is a requirement of the real estate owner to market property, obtain a report from a broker, pricing that will move the property in the shortest period of time. Also, it is critical that I receive a CV from the broker and his experience within the geographical area.

The items mentioned above will "expedite" my review of all materials and will obviously assist me in substantiating my opinions. Therefore, the expense of a commercial real estate expert will be reduced.

“I have known Lee Segal for more than 30 years, and I respect him enormously both professionally and personally. His unwavering honesty combined with his keen understanding of the nuances in the real estate field, has made him highly regarded by friends and colleagues alike. You can always count on him to be moral and upright in any circumstance.”   Sheldon Katzer, The Rosalinde and Arthur Gilbert Foundation
Sheldon Katzer, The Rosalinde and Arthur Gilbert Foundation