commercial-lease

New York Arbitration commercial-lease Real Estate

Appellate Division, First Department

Uncategorized

Matter of SLG 810 Seventh Lessee LLC v. Tydel Holding Corp. — Commercial Lease Arbitration Award Remanded for Unresolved Rent, Surrender, and Interest Issues

/ July 9, 2026

The First Department remands a commercial lease arbitration award back to the arbitrators where the panel determined liability for unpaid rent but left open the effect of the tenant’s surrender, whether future rent obligations survived lease termination, and how interest and post-award obligations should be calculated.

New York Breach of Contract commercial-lease Contract Interpretation

Appellate Division, First Department

Uncategorized

501 Fifth Avenue Co. v. Frawley — Asset Purchase Agreement Did Not Transfer Real Property Lease, Buyer Not Liable for Rent

/ June 11, 2026

First Department affirms summary judgment for business buyers, holding that an asset purchase agreement covering ‘leases of personal property and equipment’ did not assume the former tenant’s commercial real estate lease, which required an express assumption under New York contract interpretation principles.