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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Shree Shiv Shakti Corp. v. Khalid Properties, LLC, 106 A.D.3d 1434 (2013)

Citation
Shree Shiv Shakti Corp. v. Khalid Properties, LLC, 106 A.D.3d 1434 (2013)
Parent Document
Shree Shiv Shakti Corp. v. Khalid Properties, LLC, 106 A.D.3d 1434 (2013)
Jurisdiction
New York (state)
Effective Date
2013-05-30

Full Text

621 chars
In October 2002, plaintiff entered into a renewable five-year lease agreement with defendant VSH Realty, a division of *1435Cumberland Farms, Inc., to lease premises located in the City of Troy, Rensselaer County, upon which plaintiff operated a gas station and convenience mart. Third-party defendant, Babulal Patel—plaintiffs president and sole shareholder—signed both the lease and a “Guaranty” by which he agreed, among other things, to be personally liable for plaintiffs rent payments. It is undisputed that plaintiff exercised the renewal option at the end of the initial lease period, extending the lease to 2012.