Legal Opinion

Loral Realty Co. v. Beauty Development Corp.

Appellate Terms of the Supreme Court of New York

Decided February 19, 1982PublishedCited by 1 opinion

1Opinion of the Court

OPINION OF THE COURT

Memorandum.

Order unanimously modified to the extent of granting summary judgment to respondent Beauty and dismissing the petition. As so modified, order affirmed, without costs.

The issue presented on this appeal appears to be one of first impression. Does a lessee, under the terms of its lease, violate the prohibition against assignment or has it entered into an approved sublease when it leases a portion of the demised premises for a term extending into the option renewal period?

On November 15,1980, a lease was entered into between Loral Realty Company (hereinafter Loral),…

2Cases cited7 opinions

  1. Atkin's Waste Materials, Inc. v. MayNew York Court of Appeals · 1974
  2. City of Rye v. Public Service Mutual InsuranceNew York Court of Appeals · 1974
  3. Peoples Savings Bank v. County Dollar Corp.Appellate Division of the Supreme Court of the State of New York · 1974
  4. Gulf Oil Corp. v. Buram Realty Co.New York Court of Appeals · 1962
  5. Peoples Sav. Bank of Yonkers, NY v. County Dollar Corp.New York Court of Appeals · 1974

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3Cited by1 opinion

  1. Joseph Bros. Co. v. FW Woolworth Co.District Court, N.D. Ohio · 1985

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