Sun Rock Building Corp. v. Abrams

The plaintiff tenant moves for summary judgment in an action for declaratory judgment to determine the rent during the renewal term of a lease.

On January 17, 1940 the parties executed a 21-year lease, expiring July 31, 1961, for certain premises located on Sunrise Highway, Rockville Centre. The annual rent was $2,500 for the first 8 years, $3,000 during the next 5 years, and back to $2,500 for the last 8 years. The lease gave the tenant an option to renew upon the same terms and conditions, but at an annual rent of $4,000. The lease also provided that if any of the property was condemned by…