On review of the record, we agree that the memorandum between the parties, dated June 19, 1981, did contain all of the essential terms of a binding sublease of the premises, providing for a basic monthly rental, plus expenses and escalation on the same terms as provided in the prior sublease with Richezza. The memorandum, which was initialed and agreed to by the parties, set forth the total space to be covered by the sublease, the rent required to be paid and the term agreed...
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