Stafford Security Co. v. Kremer

The petitioner, landlord, Stafford Security Co., Inc., on February 10, 1930, took by assignment a lease of premises 9 East Forty-fifth street, New York city. The lease was made on March 1, 1927, between George Kremer and the Correll Real Estate Corporation, but was subject to a prior lease of the second, third and fourth floors of the same building, made by Kremer to other tenants on or about the same date.

The proceeding here instituted was predicated upon a default in the payment by the lessees in the installment of rent faffing due March 1, 1930, under such sublease, in the sum of $3,500.…