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Early Termination Provisions: A Landlord's Saving Grace … If Done Right Image

Early Termination Provisions: A Landlord's Saving Grace … If Done Right

Menachem J. Kastner & Ally Hack

The focus of this article is the “early termination provision,” a lease provision that affords landlords the tactical advantage they need. Specifically, this article seeks to: 1) guide the practitioner through the pitfalls of a poorly drafted termination provision; and 2) advise the practitioner how to craft a proper and effective termination provision.

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Case Notes Image

Case Notes

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Subtenants Not Entitled to Notice Under Law<br>Illegal Tenant Activity Negates Insurer's Responsibility to the Landlord

Features

Transient Rental Ban Does Not Violate Fair Housing Act Image

Transient Rental Ban Does Not Violate Fair Housing Act

Timothy Hill

In a recent decision, the Eastern District of New York dismissed a multi-pronged challenge to a local municipal ordinance that regulates rental of property on a short-term or transient basis.

Features

When Can a Landlord's Consent to Assignment be Reasonably Withheld? Image

When Can a Landlord's Consent to Assignment be Reasonably Withheld?

Marisa L. Byram & Wheeler Frost

Assignment provisions in a commercial lease often boil down to the following seemingly simple, but more often than not complex, standard: that the lease may only be assigned or the premises subleased with the landlord's consent, not to be unreasonably withheld. The following examples of case law illustrate how courts have construed this provision under various circumstances.

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Real Property Law Image

Real Property Law

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Neighborhood Garden Users May Establish Adverse Possession Claim<br>Purchaser Entitled to Return of Down Payment Upon Revocation of Mortgage Commitment After Expiration of Contingency Period<br>Law Firm Not Liable to Non-Client for Turnover of Escrow Funds<br>Law Firm Not Exempt From Claim Under RPL 265-B<br>Presumption of Due Execution Rebutted<br>Title Insurance Regulation Annulled

Features

Store Closing Lease Rejection in 'Shiekh Shoes' Image

Store Closing Lease Rejection in 'Shiekh Shoes'

David Kupetz & Asa Hami

Store closing or liquidation sales are a routine part of Chapter 11 cases involving retail debtors. These sales are consistently authorized by bankruptcy courts, despite lease provisions purporting to forbid them.

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Development Image

Development

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City Not Estopped to Object to Nonconforming Building<br>Lawyer Advertising Billboards Not Treated As Onsite Advertisements<br>Town Not Obligated to Consider Zoning Amendment<br>East Harlem Rezoning Upheld

Columns & Departments

Landlord & Tenant  Image

Landlord & Tenant 

ssalkin

Failure to Register Precludes Landlord from Collecting Otherwise Lawful Rent Increases<br>Unlawful Entry and Detained Proceeding Requires Proof of Possession

Columns & Departments

Case Notes Image

Case Notes

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Insurance Lapse Deemed Not Curable<br>Uncertain Method for Determining Future Rent Dooms Renewal Rights

Features

Luxury Decontrol for Couples Living Apart Image

Luxury Decontrol for Couples Living Apart

Stewart E. Sterk

The Rent Regulation Reform Act provides for deregulation of rent-stabilized apartments occupied by tenants whose income exceeds the statutory threshold. When a married couple lives in the apartment, the income of both spouses counts in determining whether the threshold is met. But suppose only one spouse occupies the apartment as a primary residence. When, if ever, should the income of the other spouse be counted towards the threshold?

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