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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.

14 minute readFebruary 28, 2015 at 11:00 PM
By
Stewart E. Sterk
Rent Acceleration Clauses in New York

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.

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