Charles F. Noyes Co. v. Standard Industries, Inc.

By the terms of the renewal lease executed by the parties, if the tenant was in default in the payment of rent pursuant to the provisions of their expiring lease, the landlord was empowered "to add the amount of such arrearages to any monthly installment of rent payable hereunder and the same shall be payable to landlord as additional rent”. In view of this clause in the subsequent lease, as amplified by paragraph 35 thereof, it is beyond contradiction that the indebtedness for escalations in real estate taxes and the cost of living, expressly designated as additional rent under the original…