South Road Associates, LLC v. International Business Machines Corp.
New York Court of Appeals
1Opinion of the Court
OPINION OF THE COURT
Ciparick, J.
This appeal presents an issue of contract interpretation—the scope of the term “premises” as contained in the “good order and condition” provision of the parties’ lease agreement. Specifically, we address whether “premises” includes the land upon which the buildings are situated or only the buildings’ interior space. We conclude that “premises” as defined in the lease includes only the interior portions of the buildings.
Pursuant to a 1981 agreement between the parties, International Business Machines Corporation (IBM) leased certain space from South Road…
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