After Anagen, Inc., prematurely ended its lease and sued to recover its security deposit, the New York County Civil Court denied the owner's request to dismiss the case -- despite a lease provision which indicated that the tenant forfeited the proceeds if it vacated in advance of the stated expiration date.
On appeal, the Appellate Term, First Department, thought the parties' agreement was clear as to the consequences of the tenant's actions and was of the view a refund wasn't warranted in this instance.
What kind of shinAnagen was that?
To view a copy of the Appellate Term's decision, please use the link: Anagen, Inc. v. Damasco