The Penwag Property Co., Inc. v. Landau

This litigation concerns a dispute between plaintiff landlord, Penwag Property Co., Ine., and its tenant, David Landau, the defendant, arising out of a lease agreement under which the tenant leased the first floor and base*597ment of a building known as 112-114 Nassau Street, Princeton, for use as a department store. The landlord instituted the action for possession and damages due to the tenant’s failure to subordinate his lease to a certain mortgage. Defendant’s answer questioned the validity of the mortgage and in a counterclaim asserted that the “action has been commenced without reasonable…