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J. HENRY SCHRODER BANK & TRUST CO. v. SOUTH FERRY BLDG. CO.

88 A.D.2d 570 (1982)

J. Henry Schroder Bank & Trust Company, Respondent-Appellant, v. South Ferry Building Co., Appellant-Respondent, and Pincus Iseson & Co., Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

May 27, 1982

Schroder is a major tenant at a building owned by South Ferry under a lease which provides for the imposition of additional rent to reflect any increase in operating expenses. A procedure is provided for the resolution of any disputed charges, but the tenant is obliged to pay the charges pending determination of the dispute. In 1979 South Ferry tendered a demand for additional rent for operating expenses, which Schroder not only...

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