McFarland v. Kim

McMurray, Presiding Judge.

This action arises from the sale of a dry cleaning and laundry business. The business in question is located in leased premises. The lease made on March 28, 1969, between C & G Memorial, Inc., as landlord, and plaintiffs, as tenants, in this action provides for a term of ten years at a minimum rental of $666.67 per month, with provisions for additional rent should ten percent of the gross sales of the business exceed the minimum rent in any lease year. The lease also provides the option of a five year renewal at a rental of $733.33 per month provided specified notice…