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Landlord Tenant Law Regulation

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.

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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 of Columbia v. D’Agostino, —N.E.3d—, 2020 WL 6875988, 2020 N.Y. Slip Op. 06937 rewrites the rules of when a tenant simply gives up on the space.

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