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144 EAST 40TH ST. LEASING CORP. v. SCHNEIDER

125 A.D.2d 195 (1986)

144 East 40th Street Leasing Corp., Appellant, v. Sidney Schneider, Respondent

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

December 4, 1986

Plaintiff tenant entered into a net lease of a hotel with defendant landlord which contained a clause permitting the landlord to terminate the lease upon 60 days' notice and the payment of a sum of money. The landlord sent a letter to tenant allegedly exercising that option and stating that the amount of $80,000 would be paid to the tenant upon the sale of the premises. The landlord also sent plaintiff a notice to cure alleged violations...

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