DYSAL, INC., Doing Business as CORPORATE REALTY CONSULTANTS, Respondent, v HUB PROPERTIES TRUST et al., Appellants.
Appellate Division of the Supreme Court of New York, Second Department
938 N.Y.S.2d 642
Dysal, Inc., Doing Business as Corporate Realty Consultants, Respondent, v Hub Properties Trust et al., Appellants. [938 NYS2d 642]—
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Here, the Supreme Court correctly concluded that, pursuant to the express terms of, among other things, an agreement for the assignment and assumption of leases entered into between the defendant Hub Properties Trust (hereinafter Hub) and its predecessor in interest, Perinton, LLC (hereinafter Perinton), in connection with Hub‘s purchase of certain real property from Perinton, and a commission agreement entered into between Perinton and the plaintiff, Hub assumed the obligation to pay the plaintiff‘s commission upon the happening of the “Lease Event.” The “Lease Event” occurred when the tenant remained in possession of the subject leased premises beyond the termination
In light of our determination, we need not reach the parties’ remaining contentions. Balkin, J.P., Dickerson, Belen and Cohen, JJ., concur.
