Security System Co. v. S. S. Pierce Co.

A lease of real estate provided for the erection of a building on the premises by the lessee, the building to be purchased by the lessor at the termination of the lease at an agreed price, the lessee covenanting to assume, *5pay and discharge “all assessments, charges, duties, cost of insurance and taxes which shall be assessed upon or payable for or in respect to said premises ... in each and every year.” The lease was assigned to the defendant, which agreed to keep and perform all the covenants of the lease and to save the assignors harmless therefrom. The owner of the premises assented to…