Legal Opinion
Bombay Realty Corp. v. Magna Carta, Inc.
New York Court of Appeals
Decided May 6, 2003PublishedCited by 22 opinions
1Opinion of the Court
OPINION OF THE COURT
Smith, J.
The issue here is the method of calculating additional rent pursuant to a sublease agreement.
Bombay Realty Corporation owns property located at 201 Wolf Road, Town of Colonie. In 1975, it leased the property to Colonie Seafood Shoppe, Inc. for a period of 20 years, with two automatic five-year extensions. In 1991, Colonie subleased the property to Magna Carta Restaurants, Inc. for a period of approximately 16 years. From the initial 1975 lease until March 1998, a restaurant known as Long John Silver’s was maintained at the location. In April 1998, after the…
2Cases cited3 opinions
- Uribe v. MERCHS. BANK OF NYNew York Court of Appeals · 1998
- Ronnen v. Ajax Electric Motor Corp.New York Court of Appeals · 1996
- Bombay Realty Corp. v. Magna Carta, Inc.Appellate Division of the Supreme Court of the State of New York · 2002
3Cited by22 opinions
- Nomura Home Equity Loan, Inc. v. Nomura Credit & Capital, Inc.Court for the Trial of Impeachments and Correction of Errors · 2017
- 150 Broadway N.Y. Associates, L.P. v. BodnerAppellate Division of the Supreme Court of the State of New York · 2004
- Matter of Tayinha Banos v. John Rhea / Matter of Viola Dial v. John RheaNew York Court of Appeals · 2015
- Wilmington Trust Co. v. AEP Generating Co.Court of Appeals for the Sixth Circuit · 2017
- Luby v. Rotterdam Square, L.P.Appellate Division of the Supreme Court of the State of New York · 2008
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