The plaintiff tenant, ASCO Manufacturing Limited, sought a declaration of a valid lease extension for commercial premises.
The defendant landlords, P. Judge Investments Inc. and Malloch Investments LLC (Advance), asserted the lease expired on September 30, 2021, and counterclaimed for overholding rent.
Advance brought a motion for summary judgment to dismiss ASCO's action and for judgment on its counterclaim.
The court found that the 2017 lease expired as per its terms on September 30, 2021, and ASCO became an overholding tenant.
The court dismissed ASCO's action, granted summary judgment to Advance for rental payments (damages to be assessed), vacated an interlocutory injunction, and ordered ASCO to surrender possession by February 28, 2024.
A claim for contribution and indemnity by Advance was dismissed without prejudice.