Gainsborough Real Estate Corp. v. George Kemp Real Estate Co.

The sole issue for determination in this action — and it has been so stipulated — is whether the plaintiff, holder of a lease of premises 720 Fifth Avenue, borough of Manhattan, under the terms thereof was obliged to pay the real estate taxes for the year 1951-1952 on the demised premises which became due and payable after the expiration of said lease.

*157It appears that on March 17, 1910, a net lease was entered into between the defendant, as owner and landlord, and members of the Duveen family, as tenants, for a term of twenty years and three months, commencing July 1st of that year. There was…