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FERGANG HOLDING CO. v. 165 FRONT ST. REST. CORP.

116 A.D.2d 455 (1986)

Fergang Holding Co., Respondent-Appellant, v. 165 Front Street Restaurant Corp., Appellant-Respondent

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

January 2, 1986

The parties entered into a 15 1/3-year lease commencing November 3, 1978 through February 28, 1994, for commercial premises located at 165 Front Street in the South Street Seaport Historic District of Manhattan. Paragraph 41 of the lease required that the tenant carry specific policy limits of fire and liability insurance. The landlord paid a fire insurance premium on the tenant's behalf because the tenant had failed to do so as...

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