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PEARTREE ASSOCIATES, LLC v. NACLERIO

303 A.D.2d 210 (2003)

756 N.Y.S.2d 551

PEARTREE ASSOCIATES, LLC, Appellant, v. RICHARD J. NACLERIO et al., Respondents, et al., Defendant.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided March 11, 2003.

The option agreement provided that the option had to be exercised in writing within six months, during which time plaintiff buyer was to pay defendant seller a nonrefundable $1,000 a month, and that plaintiff could extend the option for an additional six months, with monthly payments increased to $2,000, upon written notice given at least 30 days prior to the expiration of the first six-month period. The option agreement also specified...

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