Silver v. Abbot Realty Inc.

SWANN, Judge.

In July 1964 the Kendix Corporation was the lessee for 99 years of certain properties known as the Kendix Building. On July 16, 1964 it leased certain office space in the Kendix Building to a tenant, Seymour Z. Beiser. The written lease with Beiser gave him an option to renew. It also provided that Abbot Realty was the broker and that the lessor (Kendix Corporation) would pay Abbot a commission for the term of the lease and for any succeeding terms of renewals thereof.

Later, Kendix Corporation assigned its interest in the 99 year lease to the Pearys. The Pearys ultimately…