United Equities, Inc. v. Mardordic Realty Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtMcNally, J.
In an action for a declaratory judgment, this appeal is from an order granting plaintiff’s motion for summary judgment and denying defendant’s cross motion for summary judgment, and from the judgment thereon entered.
Involved is the construction of a formula for the determination of the rent applicable to a renewal term of 21 years contained in the modification of lease dated May 6, 1947 made between the parties. Said formula is as follows: “ a sum equal to six per cent of the fair market value of the land covered by the first renewal lease as then fixed and determined by appraisal as…
2Cases cited10 opinions
- Rentways, Inc. v. O'Neill Milk & Cream Co.New York Court of Appeals · 1955
- Heller v. PopeNew York Court of Appeals · 1928
- Bovin v. GalitzkaNew York Court of Appeals · 1929
- Municipal Metallic Bed Manufacturing Corp. v. DobbsNew York Court of Appeals · 1930
- Ruth v. S. Z. B. Corp.New York Supreme Court · 1956
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3Cited by9 opinions
- Klair v. ReeseSupreme Court of Delaware · 1987
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- 936 Second v. Second Dev CoNew York Court of Appeals · 2008
- New York Overnight Partners, L. P. v. GordonAppellate Division of the Supreme Court of the State of New York · 1995
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