When a real estate contract is broken, it means one party has failed to meet their obligations under a legally binding agreement. This can include a buyer backing out of a deal after conditions have been waived, a seller refusing to close on the agreed date, a landlord failing to provide a habitable rental unit, or a tenant breaching lease terms by subletting without permission. It may also involve missed deadlines, financing issues, or disputes over what was included in the sale of a property.

A failed real estate transaction can feel like a nightmare, but it happens more often than you think. Whether you are buying or selling, an unexpected collapse can bring financial stress, legal complications, and plenty of frustration. But do not panic—there are steps you can take to recover and move forward, the first step being to contact a well seasoned real estate lawyer.