Earlier this month, a Hart, King & Coldren client received good news! A five-day trial concerning a claim of a party seeking specific performance for the purchase of a mobile home park was decided in favor of Hart, King & Coldren’s client.
Our client, a park owner, owned one of his parks subject to a long term ground lease in favor of the park operator/plaintiff. Our client had been sued by the park operator, claiming it had a right to purchase the mobilehome park for approximately $2.5 million pursuant to an option agreement. The property is worth at least $8.0 million.
Hart, King & Coldren demonstrated that the position of the plaintiff was at odds with the intent and understanding of the signatories to the long term lease that contained the option to purchase. The court voided the demanded $2.5 million sale and released HKC’s client from any obligation to sell the park to the plaintiff for $2.5 million, saving the ground lessor (our client) at least $5.5 million dollars.
Congratulations to our client its client for this hard fought victory and to my partner, trial attorney Bill Dahlin, and the rest of the Hart, King & Coldren staff for a job well done.




