Purlo Corp. v. 3925 Woodward Avenue, Inc.

Are the individual defendants, Schreiber and Foreman, hereinafter called defendants, liable for rent due after a certain date under a lease, in which they were named lessees, or a subsequent modification agreement ? The lease was for a term of 10 years and contained a covenant by defendants to pay the specified rental therefor and to refrain from assigning without lessor’s written consent, except that:

“Lessees may assign to a corporation, of which they are principal stockholders, but shall remain individually liable for the performance of terms hereof during the first 3 years hereof.”

Plaintiff…