NY Court Rewrites Rules On Liquidated Damages In Surrender Agreements

In a recent decision, the NY Court of Appeals handed down a decision with a new interpretation of the law of liquidated damages with regard to surrender agreements. Trustees of Columbia v. D'Agostino rewrites the rules of when a tenant simply gives up on the space.

12 minute readMarch 01, 2021 at 12:07 AM
By
Adam Leitman Bailey
& Dov Treiman
NY Court Rewrites Rules On Liquidated Damages In Surrender Agreements

In a recent decision, the NY Court of Appeals handed down a 4-3 decision with a new interpretation of the law of liquidated damages with regard to surrender agreements.Trustees

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