The NY Court of Appeals Provides Important Guidance for Lease Surrender Agreements

At a time when the COVID-19 crisis is causing an unprecedented number of lease defaults, the recent Court of Appeals decision, The Trustees of Columbia University v D'Agostino Supermarkets, Inc., provides both guidance and warnings to attorneys asked to negotiate and litigate leasehold surrender agreements.

6 minute read January 01, 2021 at 12:09 AM
By
Bruce H. Lederman
The NY Court of Appeals Provides Important Guidance for Lease Surrender Agreements

At a time when the COVID-19 crisis is causing an unprecedented number of lease defaults, the recent Court of Appeals decision, The Trustees of Columbia University v D'Agostino Supermarkets, Inc., 2020 NY Slip Op 06937, 2020 WL 6875988 (2020), provides both guidance and warnings to attorneys asked to negotiate and litigate leasehold surrender agreements.

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