McKEE v. WELLINGTON ESTATES, LTD.


60 N.Y.2d 853 (1983)

Robert E. McKee, Appellant, v. Wellington Estates, Ltd., et al., Respondents.

Court of Appeals of the State of New York.

Decided November 3, 1983.


Attorney(s) appearing for the Case

Grant S. Lewis for appellant.

Norman Flitt for respondents.

Chief Judge COOKE and Judges JASEN, JONES, WACHTLER, MEYER, SIMONS and KAYE concur.


MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs.

The language of the General Obligations Law (§ 7-103, subd 2) provides two alternatives for the disposition of accrued interest, less administration expenses, by a landlord: to hold the interest in trust or to make annual payments to the tenant. Neither the statutory language nor the legislative history mandates that a landlord apply...

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