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Daily Archives: Monday, November 16, 2020

Posted: November 16, 2020

Tenant Not in Possession Cannot Rely on Equitable Rule Allowing for Late Renewal of Commercial Lease

On October 27, 2020, Justice Emerson of the Suffolk County Commercial Division issued a decision in SVC W. Babylon LLC v. 204 Great E. Neck Rd. LLC, 2020 NY Slip Op. 20289, holding that a tenant not in possession cannot rely on an equitable rule allowing for the late renewal of a commercial lease, explaining:... Read more »