They can invest in lavish interiors without fear that they will be evicted from the space on the expiration of a lease.

If the apartment is unregulated, Mr. Finkelstein said, the acceptance of rent by the landlord after the expiration of a lease creates a month-to-month tenancy.

Depending on the laws in force in a particular jurisdiction, different circumstances may legally arise where a tenant remains in possession of property after the expiration of a lease.

Real estate executives said the advertising agency's decision to lease the space was important because it was not driven by an event, like the effects of Sept. 11 or the imminent expiration of a lease.

Because a company usually does not make a real estate decision until it is forced to by the pending expiration of a lease, Mr. Weiss said, an immediate rush of moving trucks headed for Lower Manhattan is unlikely.

A tenancy at sufferance (sometimes called a holdover tenancy) exists when a tenant remains in possession of a property after the expiration of a lease, and until the landlord acts to eject the tenant from the property.

Finally, the introduction of the 'Statute of Limitations' in NY State, which sets a time limit for all claims, to be commenced within fifteen years of the expiration of a lease, appears to have all but buried the claim with the death of Robert Edwards himself.

In 1911 due to poor water conditions in the busy port and the expiration of a lease, a decision was made to relocate the original boatshed and all rowing equipment to Mosman Bay on the northern side of the harbour and to re-establish the club as the "Mosman Rowing Club".