Under long-term commercial leases for several floors of two midtown Manhattan office buildings, the parties' predecessors in interest agreed in 1978 upon a rent escalation formula whereby the tenant would share certain operating expenses of the property. Under this formula, the landlord would furnish annually a detailed written statement of such expenses, payment of which would be due within 90 days, unless the tenant disputed the correctness thereof. Should there be an unsettled...
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.
