Jacobi v. Timmers Chevrolet, Inc.

Birdsong, Judge.

Breach of Lease. On April 21, 1975, appellee Timmers sold to appellants a lot with a three-story building thereon in downtown Atlanta for the purchase price of $70,000. On the same day Timmers leased back the lot and building at a monthly rental of $750 per month for a term of five years. The parties stipulated that at the time of the lease in April, 1975, there was a hole in the roof and water had rotted out a portion of the roof, the third floor, the second floor ceiling and floor, the first floor ceiling and a stairwell between the second and third floor. It was further…