225 EAST 36TH ST. GARAGE CORP. v. 221 EAST 36TH OWNERS CORP.


211 A.D.2d 420 (1995)

621 N.Y.S.2d 302

225 East 36th Street Garage Corp. et al., Appellants, v. 221 East 36th Owners Corp., Respondent

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

January 5, 1995


Pursuant to a commercial lease dated July 9, 1984 (the "Lease"), plaintiff 225 East 36th Street Garage Corp. ("Garage Corp.") leased certain garage space from defendant-landlord 221 East 36th Owners Corp., a cooperative corporation. The Lease provides for a twenty-year term with a twenty-year renewal option. Section 5.01 of the Lease states, in relevant part, that the tenant has "the absolute right to assign th[e] lease" or sublet all or part of the garage "subject to the...

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