Hovnanian Fla., Inc. v. DIV. OF FLA. LAND SALES

401 So.2d 851 (1981)

HOVNANIAN FLORIDA, INC., Appellant,

v.

DIVISION OF FLORIDA LAND SALES AND CONDOMINIUMS, DEPARTMENT OF BUSINESS REGULATION, State of Florida, Appellee.

No. YY-314.

District Court of Appeal of Florida, First District.

July 7, 1981.

Rehearing Denied August 21, 1981.

Cynthia S. Tunnicliff, of Spector, Tunnicliff & McCord, and Benjamin H. Ervin, Tallahassee, for appellant.

Mary Jo M. Gallay, Tallahassee, for appellee.

JOANOS, Judge.

The controversy in this appeal involves the legality of an escalation clause in a condominium recreation lease; the clause provides for the yearly adjustment…