In re Home Savings Bank

This is a proceeding to fix the reasonable rentals of respondents as of May 28, 1948, under the provisions of the “ Albany business rent control law ” (L. 1948, ch. 679).

Section 5 of said law authorizes the fixing of a rent, exceeding the emergency rent, which, by section 3 thereof, is defined as the rent payable under a lease in force on January 28, 1948. Said section 5 provides that the rent to be fixed by the Supreme Court ‘1 shall be a reasonable rent based on the fair rental value of the tenant’s business space as of the date the application to the supreme court * * * is made.” Said…