Order unanimously reversed on the law with costs and motion granted.
Memorandum:
In February 1984, defendant leased certain premises to plaintiff for a three-year term at fixed, escalating annual rents. The lease granted plaintiff an option to renew for an additional three-year period upon the same terms and conditions "except that the rental rate shall be renegotiated between the parties." Although plaintiff claims and defendant denies that the option was...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
