Frequently asked questions about arbitrating and mediating commercial rent and lease disputes.
Do I need a lawyer?
You do not need to have a lawyer represent you during arbitration or mediation. However, you may wish to seek your independent legal advice and lawyers are welcome to participate in the process.
Parties can come to their own agreement around sharing the cost of arbitration and mediation.
Parties can come to their own agreement around sharing the cost of arbitration and mediation. Parties to an arbitration can ask an arbitrator to consider whether one party should pay a different amount (unless the parties have agreed to a specific arrangement).
Is arbitration binding?
Yes, the arbitrator’s decision is final and binding on the parties.
How quick is it?
A mediator can be appointed quickly, and the mediation session itself is usually scheduled for half a day.
Arbitrations can often be completed in a matter of weeks. The timeframe for the process can be agreed at the start.