Newell Funding LLC v. Tatum

*598OPINION OF THE COURT

Cheryl J. Gonzales, J.

Petitioner commenced this holdover proceeding seeking possession of the cooperative apartment occupied by respondents. On May 6, 2008, petitioner served a 10-day notice to quit on respondents which stated that petitioner purchased the shares of stock for respondents’ apartment on April 8, 2008, and the respondents’ proprietary lease interest was extinguished as a result of the sale. Respondents were directed to vacate the apartment by May 20, 2008 and, when they did not vacate, the instant summary proceeding was commenced.

In their answer, respondents…