Great Location New York, Inc. v. 719 Seventh TIC 1 Owner, LLC

Order, Supreme Court, New York County (Eileen A. Rakower, J.), entered March 24, 2016, which denied plaintiff’s motion for summary judgment against defendant 719 Seventh TIC 1 Owner LLC (landlord), unanimously affirmed, without costs.

In a provision titled “Demolition,” the commercial lease agreement between plaintiff and defendant landlord permitted the landlord to terminate the lease in the event it intended to demolish the building, provided that it gave the tenant six months’ notice, and the landlord agreed to pay the tenant a surrender bonus promptly after the tenant vacated the premises,…