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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

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.

Appellate Division, First Department
Uncategorized

Wilmington Trust v. 17 Battery Place Condominium — First Department Holds Mortgage Lien Trumps Common Charge Lien; RPL § 339-z Exemption Limited to Purely Non-Residential Condos

The First Department affirms mortgage lien priority over a condominium common charge lien, holding that Real Property Law § 339-z’s exception for ‘non-residential’ condominiums does not apply to mixed-use buildings with any residential component—regardless of how ‘commercial’ the building appears.

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