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.

17 minute read March 24, 2011 at 03:24 PM

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.

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