Tobey Furniture Co. v. Rowe
Appellate Court of Illinois
Appeal from the Circuit Court of Cook county; the Hon. Murray F. Tuley, Judge, presiding. On the 10th day of February, 1868, Lucy J. Davis executed a lease in writing, by which she demised to William and Charles Hopkinson, lot 1, block 3, fractional section addition to Chicago, for the term of twenty years from May 1, 1868. The demised premises are situated on the northeast corner of State and Adams streets, Chicago, and have a frontage of seventy-six and fifty-five one…
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Appeal from the Circuit Court of Cook county; the Hon. Murray F. Tuley, Judge, presiding. On the 10th day of February, 1868, Lucy J. Davis executed a lease in writing, by which she demised to William and Charles Hopkinson, lot 1, block 3, fractional section addition to Chicago, for the term of twenty years from May 1, 1868. The demised premises are situated on the northeast corner of State and Adams streets, Chicago, and have a frontage of seventy-six and fifty-five one hundredths feet on State street, and about one hundred and forty-five feet on Adams street. The rent reserved by the lease…
1Opinion of the CourtBailey, P. J.
By the lease in question the appellee demised the premises' therein described for a term of twenty years, and the rent reserved for the first five years of the term was the fixed sum of $4,000 per annum. It was then covenanted that there should be paid as rent for each of the three remaining periods of five years, a sum equal to six per cent, per annum upon the appraised value of the demised premises, such appraisal to be made not more than sixty nor less than thirty days prior to the commencement of said periods respectively.
The manner in which the appraisals were to be made was minutely and…
2Cases cited1 opinion
- Hood v. HartshornMassachusetts Supreme Judicial Court · 1868
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- Lehigh Valley Railroad v. AndrusNew Jersey Court of Chancery · 1920
- Glenn v. BaconCalifornia Court of Appeal · 1927
- Union Trust Co. v. Board of EducationIllinois Supreme Court · 1932
- Springer v. BordenIllinois Supreme Court · 1895
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