S. Gumbel Realty & Securities Co. v. Levy

JANVIER, Judge.

S. Gumbel Realty & Securities Company, Inc., was lessor, and Charles H. Levy, was lessee, in a written lease which contained the following stipulation:

u* * * Total destruction of the lease'd premises or building of which the leased premises form a part by fire or otherwise will not vitiate this lease, except at the option of the Lessor, but the Lessor shall have the option to reconstruct, and Lessee shall, at the option of the Lessor, resume occupancy immediately upon reconstruction, and Lessee shall ibe entitled simply to a credit for the period during which the Lessee shall…