Taan v. American Loan & Trust Co.

The University of Michigan was the owner of certain land in Detroit situated on Woodward avenue, and November 15, 1911, said premises' were leased by the regents of the University of Michigan to Edwin S. George for a period of 40 years from and after January 1, 1912. By mesne assignments and subleases, Lee Taan, August 28, 1919, became possessed of the premises as sublessee. Under his lease, he was to pay for rent of the premises $2,833.33 monthly in advance for the first 28 months of the term; $2,916.67 in advance for the next 60 months of said term; at the rate of $37,000 a year for the…