114 East 40th Corp. v. Armstrong

This is a proceeding brought pursuant to subdivision (c) of section 2 of the Business Rent Law (L. 1945, oh. 314, as amd.). Subdivision (a) of section 2 (as amd. by L. 1952, ch. 417) defines “ Business space ” to include ‘ ‘ on and after March first, nineteen hundred fifty-two, a building in which at least sixty per centum of the total rentable area and sixty per centum of the total number of units formerly used ais dwelling space, is lawfully occupied as business space on such date ”.

Subdivision (c) of this section (as last amd. by L. 1957, ch. 452) provides: “(c) ‘ Emergency rent.’ * * *…