Joffe v. Drake Business School, Inc.

It is undisputed that the lease for the business space here involved was executed in conformity with the provisions of paragraph (2) of subdivision (gg) of section 8 of the Emergency Business Space Rent Control Law (L. 1945, ch. 314, as amd. by L. 1959, ch. 809, § 2). Upon the expiration of the term, such demised space was decontrolled (Emergency Business Space Rent Control Law, § 12; see Schwartz v. Parker, 17 Misc 2d 951). Upon holding over the tenant became obligated to pay the increased rental demanded in the notice previously served upon it (cf. South Carolina Leasing Co. v. Allen, 32…