Mediation Is One Way to Avoid Litigation (Habitat)
Habitat, February 15, 2019
Mediation Is One Way to Avoid Litigation
“What is mediation? It’s an informal, voluntary approach to settling disputes in which a neutral third party – usually a professional mediator or an attorney – assists the disagreeing parties in resolving conflicts. Mediation can alleviate friction between neighbors, between a shareholder and the co-op board, and, in newly constructed condo buildings, between unit-owners and the developer. How much does it cost? The hourly rate for mediators ranges from $150 to $400. The New York City Bar Association (NYCBA) will provide two panel members, along with their résumés, to select from. Other agencies, such as the American Arbitration Association and JAMS New York Resolution Center, also provide mediators, but their rates can be higher. Mediator fees are generally split by both parties, but there has been a recent trend of boards paying the entire cost in order to induce feuding neighbors to come to the table.”
