City of New York v. United States

On November 12,1941 the plaintiff leased to the defendant approximately 225,000 square feet of space on the City Pier in Brooklyn, New York. The agreement was in writing and provided for a term commencing November 16, 1941 and ending June 30,1942. The annual rental was to be $119,000.

This lease agreement was renewed from year to year by extensions and renewals until October 15,1946. Some slight changes were made in the property included. After November 16, 1942 the annual rental rate was $107,000. It was stipulated in the lease contract that the property was leased and the rental based on an…