Legal Opinion
Hornwood v. Smith's Food King No. 1
Nevada Supreme Court
Decided April 25, 1989No. 18980PublishedCited by 24 opinions
1Opinion of the Court
OPINION
2Per curiam
On June 2, 1975, Smith’s Food King No. (Smith’s) entered into a thirty year lease of shopping center property owned by Sanford and Rita Hornwoods’ (Hornwoods) predecessor in interest. 1 Smith’s leased approximately 28,000 square feet of space at 27 cents per square foot. The lease called for approximately $92,398 minimum annual rent and approximately 2.7 million dollars in total rent over the thirty year span of the lease. In addition, the agreement required Smith’s to pay “percentage rent” calculated at 1.5 percent of sales generated by Smith’s during the previous calendar year, less…
3Cases cited5 opinions
- Hensley v. EckerhartSupreme Court of the United States · 1983
- Conner v. Southern Nevada Paving, Inc.Nevada Supreme Court · 1987
- Washington Trust Bank v. Circle K Corp.Court of Appeals of Washington · 1976
- Women's Federal S & L Ass'n v. Nevada Nat. BankDistrict Court, D. Nevada · 1985
- First American Bank & Trust Co. v. Safeway Stores, Inc.Court of Appeals of Arizona · 1986
4Cited by24 opinions
- Chowdhry v. NLVH, INC.Nevada Supreme Court · 1993
- Pleasant Valley Promenade v. Lechmere, Inc.Court of Appeals of North Carolina · 1995
- Century Sur. Co. v. AndrewNevada Supreme Court · 2018
- Scott-Reitz Ltd. v. Rein Warsaw AssociatesIndiana Court of Appeals · 1995
- Hornwood v. SMITH'S FOOD KIND NO. 1Nevada Supreme Court · 1991
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