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Gerald Syndicate v. Kaye Realty Associates

Appellate Division of the Supreme Court of New York, First Department
Nov 24, 1992
187 A.D.2d 389 (N.Y. App. Div. 1992)

Opinion

November 24, 1992

Appeal from the Supreme Court, New York County (Myriam J. Altman, J.).


We agree with the IAS Court that under the clear and unambiguous terms of the parties' agreement, defendant is not entitled to commissions for the renewal leases it negotiated with two of plaintiff's existing tenants (see, Namad v Salomon Inc., 74 N.Y.2d 751). The provision for the payment of commission is limited to "new leases initiated by Agent" provided that the "Agent is the procuring cause of the tenant." While it is true that the agreement does not expressly address defendant's negotiation of renewal leases with existing tenants, the failure to address a specific, even foreseeable circumstance does not make the express provision of the agreement ambiguous.

Concur — Murphy, P.J., Sullivan, Rosenberger, Kassal and Rubin, JJ.


Summaries of

Gerald Syndicate v. Kaye Realty Associates

Appellate Division of the Supreme Court of New York, First Department
Nov 24, 1992
187 A.D.2d 389 (N.Y. App. Div. 1992)
Case details for

Gerald Syndicate v. Kaye Realty Associates

Case Details

Full title:GERALD SYNDICATE, INC., Respondent, v. KAYE REALTY ASSOCIATES, Appellant

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Nov 24, 1992

Citations

187 A.D.2d 389 (N.Y. App. Div. 1992)
589 N.Y.S.2d 888

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