BETZ v. N.Y.C. PREMIER PROPERTIES, INC.


38 A.D.3d 815 (2007)

833 N.Y.S.2d 153

PATRICK BETZ et al., Respondents, v. N.Y.C. PREMIER PROPERTIES, INC., et al., Appellants, et al., Defendant.

Appellate Division of the Supreme Court of the State of New York, Second Department.

Decided March 27, 2007.


Ordered that the order is affirmed insofar as appealed from, with costs.

The plaintiffs were in default on their mortgage. In an effort to save their property, the plaintiffs entered into a sale-leaseback arrangement with the defendants. As part of that arrangement, the plaintiffs agreed to sell their property to the defendants. The plaintiffs also agreed to lease the property from the defendant N.Y.C. Premier Properties, Inc., for monthly rent of $2,150. In addition...

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