Legal Opinion
166 Mamaroneck Ave. Corp. v. 151 East Post Road Corp.
New York Court of Appeals
Decided June 11, 1991PublishedCited by 149 opinions
1Opinion of the Court
OPINION OF THE COURT
Chief Judge Wachtler.
In this case, we consider whether a lease renewal option that provides for arbitration if the parties cannot agree on rent for the renewal period is indefinite and therefore unenforceable. We agree with the Appellate Division that the option is not an invalid "agreement to agree” because the arbitration clause provides an objective standard for determining the amount of rent. Accordingly, the order of the Appellate Division should be affirmed.
The appellant in this proceeding is the landlord, 151 East Post Road Corp., and the respondent is the tenant,…
2Cases cited13 opinions
- Joseph Martin, Jr., Delicatessen, Inc. v. SchumacherNew York Court of Appeals · 1981
- Norris v. CooperNew York Court of Appeals · 1984
- Cobble Hill Nursing Home, Inc. v. Henry & Warren Corp.New York Court of Appeals · 1989
- In Re the Arbitration Between Weinrott & CarpNew York Court of Appeals · 1973
- Gilbert v. BurnstineNew York Court of Appeals · 1931
8 more not listed; retrieve them via the Exa API.
3Cited by149 opinions
- Smith Barney Shearson Inc. v. SacharowNew York Court of Appeals · 1997
- Non-Linear Trading Co. v. Braddis Associates, Inc.Appellate Division of the Supreme Court of the State of New York · 1998
- Held v. KaufmanNew York Court of Appeals · 1998
- Clifford R. Gray, Inc. v. LeChase Construction Services, LLCAppellate Division of the Supreme Court of the State of New York · 2006
- Hamburg v. American Ref-Fuel Co.Appellate Division of the Supreme Court of the State of New York · 2001
144 more not listed; retrieve them via the Exa API.