Saladino v. Rault Petroleum Corp.

GULOTTA, Judge.

In this action for acceleration of rent, the lessor appeals from a judgment maintaining an exception of prematurity. We affirm.

On June 1, 1968, Rault Petroleum Corporation, lessee, entered into a sixty-six year lease of the ground at 1111 Gravier Street, New Orleans. The lease contained the following acceleration clause:

Should the Lessee ... fail to pay the rent ... punctually at maturity, as stipulated ... and should such violation continue for a period of 60 days after written notice has been given to Lessee, then the rent for the whole unexpired term of this lease shall at…