Hermitage Co. v. Levine

Cardozo, Ch. J.

Plaintiff leased to defendant a seven-story building in the city of New York for a term of twenty-one years and two months, commencing August 1, 1924, and finding October 1, 1945, at a rent of $72,000 a year, payable monthly in advance, for the first five years together with all taxes, assessments, insurance charges and other expenses incidental to the maintenance and management of the building, and at a higher rent thereafter.

Defendant went into possession, but paid the rent for only a few months, and was dispossessed in summary proceedings on December 31, 1924.

The lease…