When is a rent acceleration clause in a commercial lease enforceable? The Court of Appeals addressed that question in 172 Van Duzer Realty Corp. v. Globe Alumni Student Assistance Association, Inc.
Rent Acceleration Clauses in New York
When is a rent acceleration clause in a commercial lease enforceable? The Court of Appeals recently addressed that question and gave an answer that is unlikely to be helpful to anyone but litigators: The court, however, provided little guidance about when a rent acceleration clause would constitute a penalty.
By
Stewart E. Sterk
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