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NORTHEAST LEASING v. JON-RAC ASSOCS.

141 A.D.2d 620 (1988)

Northeast Leasing, Appellant, v. Jon-Rac Associates, Respondent

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

June 13, 1988

Ordered that the judgment is reversed, with costs, the defendant's cross motion is denied, and the plaintiff's motion is granted.

The defendant Jon-Rac Associates (hereinafter Jon-Rac) is a commercial developer. In early 1983 a portion of a building Jon-Rac owned on Fifth Avenue in Ronkonkoma, New York, became vacant and it was placed on the rental market. Contemporary Computer Services, Inc. (hereinafter CCSI), began negotiating with Jon-Rac and eventually the terms...

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