Montgomery Ward Company v. Metzger

Minor W. Millwee, Justice.

Appellees are members of tbe Metzger family who own certain business property at Main and Fourth Streets in the City of Little Rock. On October 12, 1934, appellant, Montgomery Ward & Co., as tenant, leased the property from appellees, or their predecessors in title, for an original term of approximately ten years. The lease provided for payment of fixed rent at the annual rate of $15,600 payable in equal monthly installments.

Other provisions of the lease material to the issues are as follows: “14. In addition to the fixed rental, Montgomery Ward & Co., Inc., shall…