Waldbaum, Inc. v. Finance Administrator

We must determine on this appeal whether a lessee’s obligation to pay "additional rent” in an amount related to but not determined by real property tax assessments confers standing on the lessee to challenge the validity of the assessments. I *21conclude that it does not and therefore vote to reverse the order insofar as appealed from and dismiss the proceedings.

By agreement dated July 6, 1961, the petitioner, through a wholly owned subsidiary, became a 20-year lessee of certain store space constituting approximately 49% of the landlord’s premises. By the lease, the petitioner was obligated to…