Douglas Properties v. Stix

The Douglas Properties, a Florida Corporation, was the owner in March, 1925, of certain lots of land in the City of Miami described as Lots Three (3), Four (4), Seventeen (17) and Eighteen (18) of Block One Hundred and Twenty-two (122) North, according to a plat thereof made by Knowlton, and had the right to the use of an alley ten feet in width running along the east side of lot sixteen. It executed a ninety-nine year lease upon that property to Flagler Street Company, a Florida Corporation, in March, 1925, which lease was duly recorded. The annual rental agreed to be paid was seventy-five…