SITC Inc. v. Riverplace I Holdings LLC, 23 Misc. 3d 219 (2008)

Citation: SITC Inc. v. Riverplace I Holdings LLC, 23 Misc. 3d 219 (2008)
Parent Document: SITC Inc. v. Riverplace I Holdings LLC, 23 Misc. 3d 219 (2008)
Jurisdiction: New York (state)
Effective Date: 2008-12-30
Original Source: https://www.courtlistener.com/opinion/6310203/sitc-inc-v-riverplace-i-holdings-llc/ ↗

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In this case, petitioner leased the subject premises purely for the purpose of making a profit, as part of its general business to provide temporary housing to its clients. Additionally, respondent was clearly aware of and acquiesced in this intended use. While the record is devoid of any details regarding how much the subject premises were sublet for, the presumption that petitioner relet for a profit is supported by the circumstances surrounding the tenancies, the leases themselves, which never specified any particular occupants, Mr. Drake’s evasive testimony at the underlying hearing, as well as the acknowledged nature of petitioner’s business.

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