Case Notes in

2006

First published: Jan 2006
Inwood Park Apartments Inc. vs. Coinmach Industries Co.

The trial court decision discussed above was recently upheld by an appellate court which reasoned that the right of first refusal did not save the right upon which Coinmach relied, since that right under the subject lease, if not exercised by Coinmach before the lease’s expiration, could be exercised indefinitely thereafter and without limitation as to the time within which the exercise was accomplished. Permitting Coinmach a temporally unrestricted right would constitute an unreasonable restraint upon the alienation of property. The appellate court perceived no beneficial purpose to be served by effectively requiring the residential co-op to retain Coinmach’s laundry room services indefinitely, regardless of their quality.

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