F. W. G. Realty Co. v. Essig
This text of 118 Misc. 856 (F. W. G. Realty Co. v. Essig) is published on Counsel Stack Legal Research, covering Appellate Terms of the Supreme Court of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
In this action to recover from defendant rent under lease of an apartment the defendant set up the statutory defense, and the trial court charged the jury over defendant’s exception, “ as matter of law that 10 per cent, on real property in the City of New York is a reasonable return, and that the landlord is entitled to an allowance of at least 10 per cent, upon his property in the City of New York at the present time. * * * If you are willing to put your approval on the repudiation of a written instrument you will find for a less rental than the amount demanded, but if you believe that tenants in this city should live up to their written agreements, then you will find a verdict in favor of the landlord for the full amount.” The learned court, under the construction placed by it upon certain rulings of our courts construing the housing laws, established or attempted to establish a fixed and definite percentage of return which realty owners are entitled under said laws to charge as rental, thereby inferentially condemning the defense created by the legislature to meet the housing emergency.
Judgment reversed and a new trial ordered, with thirty dollars costs to appellant.
All concur.
Judgment reversed.
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118 Misc. 856, Counsel Stack Legal Research, https://law.counselstack.com/opinion/f-w-g-realty-co-v-essig-nyappterm-1922.