Arbitration clauses in lease agreements have become commonplace and are often included as a matter of course. In theory, arbitration is supposed to be less expensive, provide faster results, and generally be more efficient than traditional litigation. In reality, many have found arbitration to be just as expensive as litigation, if not more so, and ultimately less efficient. Litigation and arbitration each have their advantages and disadvantages. View this article, originally published in the CCIM Central Texas May 2012 newsletter, here.