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KENILWORTH v. BANKERS TRUST

112 Misc.2d 523 (1982)

Kenilworth Realty Trust, Plaintiff, v. Bankers Trust Company, Defendant.

Supreme Court, Special Term, New York County.

January 25, 1982

Attorney(s) appearing for the Case

Moses & Singer for defendant. Marshall, Bratter, Greene, Allison & Tucker for plaintiff.

BEATRICE SHAINSWIT, J.

This is a dispute over the interpretation and application of a wage escalation clause in a lease dated December 19, 1956 — more than 25 years ago. Plaintiff is a former owner of the office building at 750 Third Avenue, the second of three owners since defendant tenant leased the space in 1956. Plaintiff claims that, for the eight years of its ownership, it had overlooked billing for increased rentals due under the wage escalation...

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