Arel Realty Corp. v. Meyers Bros. Parking Corp.

CERCONE, Judge:

This appeal arises from the order of the court below granting appellee, Arel Realty Corp. (hereinafter lessor), a declaratory judgment. The question presented is one of contract interpretation. Specifically, whether, for purposes of computing rent due under a commercial lease between the parties, appellant, Meyers Bros. Parking Corp. (hereafter lessee), is entitled to deduct from calculation of its gross receipts the sums it was paying for the Business Use and Occupancy Tax of Philadelphia.

The facts are not in dispute. On March 15, 1962, the parties entered into a 25V2 year…