On December 17, 1970, respondent Grand Prix Restaurant, Inc., entered into a written agreement with Pioneer Village Development Corporation, the then owner of the land in question, for the purposes of erecting and maintaining a sign advertising its restaurant. This agreement, termed a lease by the parties, was for a 20-year term beginning April 1, 1971 with a total rent of $4,000, payable at the rate of $300 per month for the first four months of the term, and commencing...
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