Legal Opinion
Futterman v. South African Airways
New York Supreme Court
Decided October 26, 1984PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
David B. Saxe, J.
Does a prime tenant’s surrender to the landlord of its reversionary interest in the master lease operate, in effect, as an assignment thereby triggering a takeover clause in the sublease agreement giving the sublessee the right to match any offer for the assignment of the master lease?
The essential facts are as follows:
In April, 1969, defendant SIA Company (SIA), the owner of 605 Fifth Avenue, entered into a lease of the entire six-floor building with defendant South African Airways (Airways). Airways was to use the building as its main office in North…
2Cases cited6 opinions
- George Backer Management Corp. v. Acme Quilting Co.New York Court of Appeals · 1978
- Eten v. . LuysterNew York Court of Appeals · 1875
- Levitt v. ZindlerAppellate Division of the Supreme Court of the State of New York · 1910
- Minister of the Reformed Protestant Dutch Church v. 198 Broadway, Inc.New York Court of Appeals · 1983
- Metropolitan Life Insurance v. HellingerNew York Court of Appeals · 1936
1 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Middle Village Associates v. Pergament Home Centers, Inc.New York Supreme Court · 2000
- Regional Pacesetters, Inc. v. Eckerd Drugs of Georgia, Inc.Court of Appeals of Georgia · 1987
- Ninth Street Associates v. 20 East Ninth Corp.Appellate Division of the Supreme Court of the State of New York · 2014
- Ninth Street Associates v. 20 East Ninth Corp.Appellate Division of the Supreme Court of the State of New York · 2014