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Co-ops & Condominiums
Purchaser Entitled to Return of Downpayment When Co-Op Failed to Consent
Paradise v. Wood NYLJ 7/18/19, p. 21, col. 3 Supreme Ct., Westchester Cty (Ruderman, J.)
In co-op purchaser's action for return of her down payment, both parties moved for summary judgment. The court granted purchaser's motion, relying on the contract provision making the sale "subject to the unconditional consent of the [cooperative] Corporation," consent which the corporation did not provide.
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