ADAMS, J.
The parties involved in this case are successors under a 96-year lease that contains a provision for decennially setting a value on leased land. The annual rental is then to be computed at 6% of that figure. As the final step for determination of value, the parties being unable to reach agreement, the lease provides:
"The 2 appraisers shall appraise the said reasonable value of said land. In the event that the 2 appraisers so appointed cannot agree...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
