(DOWNLOAD) "Lathrop Company v. Chester P. Lampert" by Supreme Court of Alaska ~ Book PDF Kindle ePub Free
eBook details
- Title: Lathrop Company v. Chester P. Lampert
- Author : Supreme Court of Alaska
- Release Date : January 22, 1978
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 60 KB
Description
PER CURIAM. OPINION. In 1964, Chester Lampert entered into a lease agreement with The Lathrop Company 1 whereby Lampert leased to the Lathrop Company property located at the intersection of the New Seward Highway and Fireweed Lane in the city of Anchorage for 50 years, commencing January 1, 1965. Under the terms of the lease, the initial rent for the property was $1500 per month. In addition, the lease included a provision that the rent was to be adjusted in proportion to changes in the Wholesale Price Index on each fifth anniversary of the commencement of the lease. Although the property was vacant when the lease agreement was entered into, The Lathrop Company subsequently made substantial capital improvements in the property, including the construction of three movie theaters and related facilities. On January 1, 1975, the occasion for the second adjustment of rent as specified by the lease agreement, The Lathrop Company neglected to make any adjustment in its rental payments, although it continued to pay rent at the old rate. Lampert did not discover this omission until December 1976, at which time he sought to terminate the lease on the ground of The Lathrop Company's failure to pay rent. Thereafter, Lampert served The Lathrop Company with a notice to quit the premises and filed an action to obtain possession of the premises.
 "Lathrop Company v. Chester P. Lampert" by Supreme Court of Alaska ~ Book PDF Kindle ePub Free){kind=link}