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SOHO DEV. CORP. v. DEAN & DeLUCA INC.

131 A.D.2d 385 (1987)

Soho Development Corporation, Appellant, v. Dean & DeLuca Incorporated, Respondent

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

June 30, 1987

On March 29, 1977, petitioner landlord, Soho Development Corporation, entered into a lease agreement with respondent tenant, Dean & DeLuca Inc., for the store and basement at 121 Prince Street, in the Soho district in Manhattan. The lease term ended 6½ years later on September 14, 1983. The lease provided, in unambiguous terms, that the tenant would have an option to renew the lease for 10 years. However, a condition of the option was that it be exercised at least...

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