What does the term conciliation mean in the context of real estate?

In the context of real estate, conciliation refers to the process of resolving disputes or differences through discussion and negotiation, rather than through legal channels or confrontation. It emphasizes finding a mutually agreeable solution to a problem, often in a less formal manner. This approach is intended to foster cooperation and minimize conflict between parties involved, making it a preferable first step in addressing grievances.

Choosing conciliation as the means to settle issues reflects a practical and amicable strategy, allowing parties to maintain a working relationship while resolving their differences. This contrasts with practices like legal resolutions, which can escalate tensions and may lead to longer, more expensive processes.