Wendel Foundation v. Moredall Realty Corp.

The defendant, on December 1, 1916, leased from the owners the premises in concern, for a period of twenty-one years for an agreed net annual rental; the defendant also agreed to pay to the landlords, in addition to the rent reserved and as additional rent, such sums each year as they might legally be required to pay on account of taxes, including income taxes, arising out of the ownership of their property and the income derived therefrom. The entire estate ultimately vested on July 20, 1930, in one Ella V. von E. Wendel; she died March 13, 1931, leaving a last will and testament by which…