Bashein v. 2682 Broadway, Inc.

Plaintiffs, Bashein and Levy, jointly represented defendant and M. H. Lamston, Inc., its lessee, in the preliminary negotiations which ultimately led to the execution of a lease for seven years from September 15, 1934; paragraph “ 25 ” thereof granted the tenant the right of option to renew for a like period at a rental equivalent to that provided for the last six years of the original term (paragraph “ 6 ” of the lease). The option to renew “ must be exercised by the giving of written notice to the landlord not later than February 1,1941,” and was subject to defeasance in the event the…