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Landlord and Tenant Law
Tenant's Cure of Default Reinstates Lease Renewal Option
Karr Graphics Corp. v. Spar Knitwear Corp. NYLJ 3/5/21, p. 25, col. 5 AppDiv, Second Dept. (memorandum opinion)
In commercial tenant's action for a declaration that it had validly exercised a lease renewal option, landlord appealed from Supreme Court's grant of a preliminary injunction preventing landlord from taking action to evict the tenant. The Appellate Division modified to alter the amount of use and occupancy due to the landlord, but otherwise affirmed, holding that tenant's cure of its default under the lease reinstated its lease renewal option.
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