AHCI, Inc. v. Lamar Advertising of Tennessee, Inc.

OPINION

DROWOTA, Justice.

The plaintiffs AHCI, Inc. (AHCI) and Ja-cadeda, Inc. (Jacadeda) appeal from the Court of Appeals’ affirmance of the trial court’s judgment in this action for the recovery of rent. The specific issue for our determination can be stated as follows: whether the lower courts erred in holding that the holdover tenant, Lamar Advertising of Tennessee, Inc., (Lamar) was not bound by the specific rent increases demanded by the landlords AHCI and Jacadeda, but rather was obligated to pay only the fair market value for its occupation of the premises.

FACTS AND PROCEDURAL HISTORY

In…