The parties entered into a commercial lease on December 19, 1989 whereby petitioner leased a restaurant and tavern located at 143 Main Street in Pine Hill (Town of Shandaken, Ulster County) to respondent O'Fennell's of Pine Hill, Inc. (hereinafter respondent) for a period of five years at a rental of $150 per month. Simultaneously, a contract for the sale of the bar business by petitioner to respondent was executed. When the rent, water and...
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