Kiriakides v. United Artists Communications, Inc.

Harwell, Chief Justice:

Alex and John Kiriakides (Landlord) contend that the trial judge erred in refusing to terminate the remainder of United Artists Communications’ (United Artists) lease after United Artists failed to pay a rent increase. We disagree and affirm.

I. Facts

On January 15, 1976, Fairlane Litchfield Company Inc. entered into an agreement to lease a theater from Landlord until 1996. The lease was later amended to extend the term to 2016. Fairlane Litchfield assigned the lease to United Artists on May 15, 1987. In February 1988, Landlord discovered that United Artists had failed to…