Interstate Inv. v. Rose Care

The plaintiff, Interstate Investment Corporation ("Interstate"), appeals from a judgment for the defendant, Rose Care, Inc., in this action seeking a declaration of rights under a lease. We affirm.

On May 26, 1987, Rose Care, then known as Convalescent Rehabilitative Enterprises, Inc., leased the Lee Manor Health Care Center, a nursing home located in Opelika, Alabama, to Medical Service Investments, Inc., which later merged into Interstate. The 15-year lease provides that the monthly rent should be as follows:

"The sum derived from the addition of the monthly principal and interest payment due…