Arcade Realty Holding Corp. v. Hildinger

Buchanan, V. C.

In 1925 Eredericlc A. Duggan leased the premises Nos. 13-17 East State street, Trenton, New Jersey, to Messrs. Lissner, Krueger and Goldberg for sixty-three years, subject to existing tenancies, and assigned his lessor’s interest in such tenancies.

Among such existing tenancies was a lease in 1920 from Duggan to Hildinger and Bishop, of a part of the premises, for a term of ten years. Hildinger and Bishop operated *1056billiard and pool parlors, and by their lease were to pay as rent, in monthly installments, “a sum equivalent to one-half the gross receipts” of such billiard rooms,…