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GATES v. STUCCO CORP.

No. 59-127.

112 So.2d 36 (1959)

Morris GATES and Anna Gates, as Trustees of Seminole Beach Land Trust, Appellants, v. STUCCO CORP., an Illinois corporation, Authorized to do business in the State of Florida, Appellee.

District Court of Appeal of Florida. Third District.

May 19, 1959.

Attorney(s) appearing for the Case

Crouch & Ward, Hallendale, for appellants.

Beigel & Teitelman, Miami, for appellees.

CARROLL, CHAS., Chief Judge.

Appellants, lessors, entered into a written lease with the appellee, lessee. The lease was for a period of ten years and covered a motel property located in Broward County. One provision of the lease required the lessee to deposit with the lessors the sum of $60,000 as "security for faithful performance of its covenants." At the time of the making of the lease, appellants resided in Dade County and appellee was an Illinois corporation...

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