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Lessor Dodges A Bullet After Failure To Comply With New York's Notice Requirement For Automatic Lease Renewals
Many leases of personal property and contracts for service, maintenance or repairs, contain an automatic renewal provision that provides, in effect, that the lease or contract will automatically renew for a specified term unless the lessee or party receiving the service, maintenance or repairs sends notice prior to the expiration of the lease or contract of their intention not to renew.
United States
17 Jul 2012
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