Final answer:
Mediation fees are generally split between the buyer and seller as a fair way to share the costs of the mediation process. However, this can vary depending on the agreement made prior to mediation or specific contractual terms, and are not mandatory unless stipulated by contract or court order.
Step-by-step explanation:
Mediation fees refer to the costs associated with the mediation process, which is a form of alternative dispute resolution. In most situations, mediation fees are usually split between the buyer and seller, as mediation serves as a neutral platform for both parties to come to an agreement. The decision to split the costs is often seen as fair because both parties benefit from reaching a settlement without going to court.
It's important to note that the payment structure for mediation fees can vary. While it is common for fees to be split, the agreement made by both parties before entering mediation might differ. In certain cases, one party may agree to pay all the fees, or it could be determined by the outcome of the mediation itself. Additionally, mediation fees are not mandatory for both parties unless agreed upon in a contract or required by a court order.
The specific terms of who pays for mediation can be outlined in the contract, or be a point of negotiation between the parties prior to initiating the mediation process. The willingness to pay for mediation can also be influenced by the desire to settle the dispute quickly and amicably, avoiding the costs and time associated with court proceedings. In many cases, the more collaborative the parties are, the more likely they are to agree on sharing the mediation costs.