Condominium Ass'n of Plaza Towers North, Inc. v. Plaza Recreation Development Corp.

OVERTON, Justice.

We have for review Condominium Association of Plaza Towers North v. Plaza Recreation Development Corp., 514 So.2d 381 (Fla. 3d DCA 1987), in which the Third District Court of Appeal held that an escalation clause in a recreation lease entered into prior to the effective date of section 711.231, Florida Statutes (1975),* was still enforceable. We have jurisdiction. Art. V, § 3(b)(3), Fla. Const. We approve the Third District Court of Appeal’s decision.

The Third District Court of Appeal relied on its decision in the instant case in rendering its opinion in Association of Golden…