This is a commercial holdover proceeding. Landlord alleges that tenant's exercise of its option to renew is a nullity and, alternatively, that tenant has violated a substantial obligation of its lease.
Tenant has occupied the premises, a parking garage, pursuant to a lease running from November 1, 1976, through September 30, 1981. The lease contains a clause providing tenant with an option to renew for an additional period. Tenant...
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