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MORGAN GUAR. TRUST CO. OF NEW YORK v. SOLOW

114 A.D.2d 818 (1985)

Morgan Guaranty Trust Company of New York, Appellant-Respondent, v. Sheldon H. Solow, Doing Business as Solow Building Company, Respondent-Appellant

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

November 26, 1985

The controversy before us centers upon a lease dated August 16, 1973, pursuant to which plaintiff Morgan leased from defendant Solow seven and a fraction floors in premises 9 West 57th Street for a period of 25 years. In addition to a fixed rent, Morgan was required to pay additional rent under an escalation clause based upon the increase in wages granted to certain workers pursuant to the collective bargaining agreements by which...

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