Account

Sign in to access your account and subscription

Lease Renewal Options and the Rule Against Perpetuities

In February, the Court of Appeals once again faced the application of the Rule Against Perpetuities to commercial options. This time, the court held that the Rule does not apply to leasehold options to renew.

8 minute read March 24, 2011 at 03:24 PM
By
Stewart E. Sterk
Lease Renewal Options and the Rule Against Perpetuities

In February, the Court of Appeals once again faced the application of the Rule Against Perpetuities to commercial options. This time, in Bleecker Street Tenants Corp. v. Bleeker Jones, LLC, the court held that the Rule does not apply to leasehold options to renew.

This premium content is locked for New York Real Estate Law Reporter subscribers only

ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN New York Real Estate Law Reporter

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

Already have an account? Sign In Now

For enterprise-wide or corporate access, please contact Customer Service at [email protected] or call 1-877-256-2473.

NOT FOR REPRINT

© 2026 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Continue Reading

The Copyright Royalty Board (CRB), which works under the umbrella of the Librarian of Congress, sets statutory-license royalty terms and rates. The U.S. Courts of Appeals for the D.C. Circuit recently issued two notable decisions about the CRB.

October 01, 2026