Compel Performance Of Your Co-Op Or Condominium Purchase Or Sale

Money damages are sometimes insufficient when a purchase or sale agreement for a co-op share or condominium unit is breached. If a seller refuses to transfer their share or unit to you after you have agreed to purchase it, or if a buyer refuses to close on your share or unit, a monetary award cannot adequately compensate you—the specific residential property is what you wanted. Specific performance is an equitable remedy that compels the breaching party to actually perform their contractual obligations: to execute a deed or proprietary lease transfer, to close the sale, to transfer title, or to complete performance as promised. Sverd Law Firm has successfully pursued specific performance actions on behalf of buyers and sellers to force performance of residential purchase agreements in co-ops and condominiums.

When Specific Performance Is Necessary For Residential Purchases

Each co-op share and condominium unit is unique, and no two residential properties are identical. When a seller breaches a purchase agreement and refuses to transfer their share or unit to you, money damages cannot replace the specific home you contracted to buy. The building corporation may have approved your purchase, you may have committed your own funds or financing, and you may have made plans based on acquiring that specific home. Similarly, when a buyer wrongfully refuses to close on a share or unit you agreed to sell, you lose the benefit of your bargain. A party may also breach an obligation to transfer a residential share or unit as part of a settlement agreement or divorce proceeding. In each case, specific performance forces the breaching party to complete the transfer as promised, rather than forcing you to settle for money damages.

We Enforce Your Right To Performance

Sverd Law Firm pursues specific performance actions to compel parties to perform their residential purchase obligations. We establish the validity of the contract, prove the other party’s breach, navigate building corporation approval requirements when necessary, and litigate to obtain a court order requiring them to execute the transfer and close the transaction as agreed.

Let Us Handle Your Case

If a purchase agreement for your co-op share or condominium unit has been breached and you need the other party to perform, email us to schedule your initial consultation today.