Holbein v. Coastal Bay Golf Club, Inc.

BARKDULL, Chief Judge.

By a lease indenture dated February 1, 1965, the appellants, as owners and lessors of certain property lying east of the inter-coastal waterway and west of AIA in *19northeast Dade County, entered into a lease arrangement with the appellee, Coastal Bay Golf Club, Inc., covering a portion of said property.

The lease provided that the lessee should make certain improvements to the demised premises referred to as “initial capital investment” and had certain provisions pertaining to the repayment of this capital account. Under the lease terms, the rent was to be one-half of the…