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PORTER & RIPA ASSOCIATES, INC. v. 200 MADISON AVE. REAL ESTATE GROUP

159 N.J. Super. 317 (1978)

387 A.2d 1248

PORTER AND RIPA ASSOCIATES, INC., A CORPORATION OF THE STATE OF NEW JERSEY, PLAINTIFF, v. 200 MADISON AVENUE REAL ESTATE GROUP, A LIMITED PARTNERSHIP, LOUIS C. RIPA, GENERAL PARTNER, DEFENDANT.

Superior Court of New Jersey, Chancery Division.

Decided April 24, 1978.

Attorney(s) appearing for the Case

Mr. David N. Ravin for plaintiff (Messrs. Ravin & Kesselhaut, attorneys).

Mr. Edwin C. Landis, Jr. for defendant (Messrs. Meyner, Landis & Verdon, attorneys).

POLOW, J.S.C.

Plaintiff Porter and Ripa Associates, Inc. (PAR), an architectural and engineering firm, as tenant under a 15-year lease dated July 24, 1970, occupied premises in Morris Township owned by defendant 200 Madison Avenue Real Estate Group (200 Madison). Article I of this lease has been amended to increase the monthly rent, but otherwise the lease remains in its original form. Article X provides, in pertinent part, as follows:

In the event of the...

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