Defendants are assignees of a lease for commercial premises, which they formerly operated as a cafe at 415 Bleecker Street. Following expiration of the lease, they remained in possession, during which time they accumulated rent arrears in the amount of $40,730.25. In January 1995, following commencement of a summary nonpayment proceeding against them, defendant assignees entered into a stipulation with plaintiff landlord in which defendants agreed to repay this sum in installments...
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