July 15, 2008

Specific performance.

Practice point: When requiring specific performance on a contract for the sale of real property, a seller's time-of-the-essence letter is a nullity unless it gives the purchaser sufficient time to perform.

Case: Iannucci v. 70 Wash. Partners, LLC, NY Slip Op 04653 (2d Dept. 2008)

Click here for the uncorrected opinion.