Cardozo v. Borden

The tenant holding under a lease received a notice from the landlord electing to terminate the lease on October 1, 1924. It contained a further provision that after that date the rent or the rental value would be $4,500 per year. The tenant refused to vacate and claims that the notice operated as a renewal of the lease. There is no basis whatever for such a claim. The tenant also rests upon the rent laws and the landlord counters by showing indisputably that a large part of the premises is rented out to various subtenants for various purposes and that the premises are not really being…