Stark Street Properties, Inc. v. Teufel

This is a declaratory judgment proceeding concerning the construction of a provision in a lease. ORS 28.020. Plaintiff is the successor corporation to the original lessor. The original lessee was Alfred Teufel, and the defendants are his widow and a corporation formed by her after his death to carry on his nursery business.

The lease was for a 10-year term, commencing July 1, 1965, with an option to lessee to renew for another 10-year term. It obligated the lessee to pay $1,000 per month "as rental.” The lease provides for the payment of "additional rent” as follows:

"At the end of five (5)…