Rosenthal Law Group was recently successful in obtaining purchase deposit
made in a failed purchase of commercial property in Palm Beach County,
Florida. Rosenthal Law Group's client entered into an agreement to
sell a commercial property. In connection with the sale of the property,
the purchaser deposited $200,000 to be held in escrow. The purchase failed
to close and the Firm's client demanded the deposit. The purchaser
disputed the right to the deposit. Rosenthal Law Group filed suit in Palm
Beach Circuit Court seeking the deposit. After engaging in limited discovery,
the purchaser conceded and agreed to turn over the deposit to Rosenthal
Law Group's client.
The Firm has represented both purchasers and sellers in deposit disputes.
Very often there are genuine legal and factual disputes that, if properly
asserted, can make a difference between obtaining or losing the deposit.
Careful attention must be given to the contract terms and the events leading
up to the dispute. Parties to a real estate purchase agreement should
consider seeking legal advice before the dispute has escalated to litigation
to maximize the opportunity to obtain the deposit and avoid litigation
if at all possible.
Rosenthal Law Group has received an AV® from Martindale-Hubbell®
for premier professional and ethical standards, and is recognized throughout
Florida as a high-quality business litigation firm. The firm is committed
to constructing cases that best serve the clients' interests, and
the team has the knowledge, experience, and creative ability required
to handle complex business transactions and litigation.
Contact Alex P. Rosenthal, Esq. if you have a deposit dispute you would like to discuss.