Regents Park v. Kai Properties ( 2014 )


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  •        Third District Court of Appeal
    State of Florida
    Opinion filed November 5, 2014.
    Not final until disposition of timely filed motion for rehearing.
    ________________
    No. 3D14-1511
    Lower Tribunal No. 13-39670
    ________________
    Regents Park Investments, LLC., a Florida Limited Liability
    Company,
    Appellant,
    vs.
    KAI Properties, LTD, a Florida Limited Partnership,
    Appellee.
    An Appeal from the Circuit Court for Miami-Dade County, Ronald
    Dresnick, Judge.
    Arnaldo Velez, for appellant.
    Duane Morris, Lida Rodriguez-Taseff, Nicole L. Levy and Charles C. Papy,
    III; Joel S. Perwin, for appellee.
    Before WELLS, EMAS and LOGUE, JJ.
    WELLS, Judge.
    Contract purchaser Regents Park Investments, LLC, appeals from a final
    summary judgment following dismissal of its single-count complaint for specific
    performance of a real estate sales transaction.     Because the default provision
    detailed in the contract for purchase and sale does not limit the remedies available
    to the purchaser in the event of a default by the seller, the court below erred in
    concluding that an action for specific performance could not be asserted. See
    Coastal Computer Corp. v. Team Mgmt. Sys., Inc., 
    624 So. 2d 352
    , 352-53 (Fla.
    2d DCA 1993) (finding that the appellant could “pursue any remedy that the law
    affords” where the parties’ contract set out one remedy for its breach, but did not
    also provide that this was an exclusive remedy); Dillard Homes, Inc. v. Carroll,
    
    152 So. 2d 738
    , 739 (Fla. 3d DCA 1963) (confirming that where contract language
    “discloses that the parties intended to limit [a non-breaching party’s] remedy in the
    event” of default, remedies other than that provided in the contract, to include
    specific performance, are precluded).
    Accordingly, the judgment entered below is reversed and this matter
    remanded for further proceedings.
    2
    

Document Info

Docket Number: 14-1511

Filed Date: 11/5/2014

Precedential Status: Precedential

Modified Date: 11/5/2014