New York Court of Appeals June 7, 1979 (Park West Management Corp. v. Mitchell)

OPINION OF THE COURT

Chief Judge Cooke.

Under the traditional common-law principles governing the landlord-tenant relationship, a lease was regarded as a conveyance of an estate for a specified term and thus as a transfer of real property. Consequently, the duty the law imposed upon the lessor was satisfied when the legal right of possession was delivered to the lessee.