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COINMACH CORPORATION v. FORDHAM HILL OWNERS CORP.

3 A.D.3d 312 (2004)

770 N.Y.S.2d 310

COINMACH CORPORATION, as Successor in Interest to COINMACH INDUSTRIES, INC., Respondent, v. FORDHAM HILL OWNERS CORP., Appellant.

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

January 6, 2004.

In April 1990, plaintiff (Coinmach) entered into a seven-year lease agreement with defendant cooperative corporation (Fordham Hill), whereby plaintiff was granted the exclusive right to install, operate and maintain coin-operated laundry machines in the laundry rooms of Fordham Hill's nine-building apartment complex. Paragraph 12 (c) of the initial lease provided: "At the expiration of this Lease or any renewal, Lessee shall have the right of first refusal to meet any bona...

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