Holly Farm Foods, Inc. v. Kuykendall

WYNN, Judge.

On 28 June 1976, John E. Chapman, Jr. (Chapman), as lessor, and HTL Enterprises, Inc. (HTL), as lessee, entered into a lease agreement for a commercial property in Randolph County. The lease ran for a term of twenty years from April 1977 to March 1997 and rent was established at $1,350.00 per month. Plaintiff Holly Farms Foods, Inc., which owned HTL, executed a written guaranty covering HTL’s rental obligation. On 13 January 1987 HTL assigned the lease to defendants Henry R. Kuykendall, John *414R. Kuykendall, and Louann Coulter to use the property as a restaurant and plaintiff…