Court Determines If Sublandlord Failed to Mitigate Damages
Valerie Kikade owned cooperative unit 7C at 242 East 25th Street. She authorized her daughter, Angeli Kakade, to negotiate a sublease of the unit after a subtenant paying $3,300.00 per month was to move out at the end of March 2020. Angeli attested that, on February 17, 2020, Evan Newman and his wife returned to her the executed sublease that Valerie previously had signed, setting the rent at $3,250.00 per month for the unit. The sublease required that the Newmans pay a security deposit to Valerie and that their failure to take possession of the unit after the sublease commenced would constitute a breach of the sublease. The Newmans neither paid the security deposit nor took possession of the unit. Litigation and cross-motions for summary judgment ensued.
Continue reading