A commercial tenant looking to skip rent in light of pandemic-related closures just suffered a setback. Backal Hospitality Group argued that because Gov. Andrew Cuomo banned large gatherings, it could walk away from its lease at the Moinian Group’s 627 West 42nd Street. Backal brought the case after Moinian drew down a $500,000 letter of credit in June to collect more than $400,000 in rent. But a state judge ruled the tenant is still on
source https://therealdeal.com/2020/08/05/win-for-moinian-is-bright-spot-for-commercial-landlords/
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