Case ID: ad2d_35/html/0949-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Brett, Wyckoff, Potter, Hamilton, Inc., Appellant-Respondent, v. 15 East 47 Corp., Respondent-Appellant.—
   Concur — Markewieh, Steuer and Tilzer, JJ.; MeGivern, J. P., concurs in part and dissents in part in the following memorandum: I dissent only to the limited extent I believe that, in order to put this matter to rest, the judgment to be settled should contain the provision that the lessee undertake to install the elevator before the expiration of the present lease, to wit, October 1, 1973, in the event the lessee chooses to renew the lease, as it may do pursuant to article XXIX, and which is patently to be anticipated. Such a provision would be in accord with the practical construction given to the lease by the original parties to the lease, as per the letter of Franklin C. Parker, J., dated February 19, 1960, which the lessee agreed to. It also accords with the voluntary offer by the plaintiff to convert the elevator, as expressed in plaintiff’s brief and orally before the court. Lastly, a fair construction of article IX requires that forfeiture of the deposit of $2,500 be acceptable as satisfaction only if the lessee vacates; if the lessee renews, then the new rental is to be determined by the value of the premises at that time, and one of the determinants of that value should be the new elevator, the obligation to install which the lessee has long recognized. Settle order on notice.