We agree with the IAS Court that there is no ambiguity in the escalation clause of the parties' original lease. Moreover, viewing plaintiff's consistent payment for close to a decade of commercial rent charges, on a "compounded" basis with the inclusion of calculations under an escalation clause derived from the porter wage index, under the original lease (as amended periodically), its renegotiation of the escalation clause for the renewal lease, which resulted in the omission...
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.