Seller’s beware — Landlords Never Sleep
January 20, 2011
The story is simple: one New York City landlord, Mark Arrow, had been unable to collect $21,000 (+) in rent from his former Manhanttan tenant, Biond Fury. Fury is a collector and seller of memorabilia, including items related to the Beatles and Marilyn Monroe. In January, he sold a suit worn by the late John Lennon through Braswell Galleries for $46,000.
As the ArtDaily reported, Arrow’s prospects of collecting unpaid rent brightened when he learned of the sale. Now, Arrow has sued the gallery for a part of the proceeds in an effort to satisfy his rent debt.
Disclaimer: This article is for educational purposes only and is not meant to provide legal advice. Readers should not construe or rely on any comment or statement in this article as legal advice. For legal advice, readers should seek a consultation with an attorney.
