Schramm v. Toye Bros. Yellow Cab Co.

JANVIER, Judge.

Frederick C. Schramm is the owner of a large commercial building in this city, which, for several years, had been leased by Toye Brothers Yellow Cab Company. From year to year the lease was customarily renewed by the execution of a new written contract. In the lease contract, with which we are now concerned, there was a stipulation which reads as follows: “At the expiration of this lease, or its termination for other causes, Lessee is obligated to immediately surrender possession, and should Lessee fail to do so, he consents to pay as liquidated damages five times the rent per…