Jackson v. Low Cost Auto Parts, Inc.

OPINION

FROEB, Judge.

Tim Jackson and Charles J. King each owned 40 percent of the stock in Low Cost Auto Parts, Inc., a retail auto parts business. They also were equal co-owners of two parcels of land on which they built stores and leased them to Low Cost. In March, 1973, Jackson and King became involved in a dispute which led to a suit by Jackson against Low Cost. Jackson now appeals from a judgment in favor of the corporation.

The first issue we review involves the right of one co-owner of real property to raise the rent without the consent of the other co-owner.

The two properties were owned…