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APPLEFIELD v. FIDELITY FEDERAL S. & L. ASS'N OF TAMPA

No. 2339.

137 So.2d 259 (1962)

David APPLEFIELD, Appellant, v. FIDELITY FEDERAL SAVINGS & LOAN ASSOCIATION OF TAMPA et al., Appellees.

District Court of Appeal of Florida. Second District.

Rehearing Denied February 21, 1962.

Attorney(s) appearing for the Case

Page S. Jackson, of Saltsman & Jackson, St. Petersburg, for appellant.

S.E. Simmons, of Bussey, Simmons & Owen, St. Petersburg, for appellees.

SMITH, Judge.

Barger was the owner of real property, and he leased the same to Jicha and Hayes for a term of ninety-nine years. The lease granted an option to the lessees to buy the reversion interest of the fee owner for $45,000.00. The lease permitted, but did not require, the construction of improvements on the property. In order to obtain funds with which to construct a motel on the property, the lessees applied to Fidelity Federal Savings & Loan Association...

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