Daily Archives: Sunday, March 7, 2021

Posted: March 7, 2021

Even Though Tenant Was in Default on Commercial Lease, It Did Not Lose Option to Renew, Which was Revived When the Tenant Cured the Default

On March 3, 2021, the Second Department issued a decision in Karr Graphics Corp. v. Spar Knitwear Corp., 2021 NY Slip Op. 01250, holding that even though a tenant was in default on its commercial lease, it did not lose the option to renew the lease, which was revived when the tenant cured the default,... Read more »