FIRST WIS. TRUST CO. v. L. WIEMANN CO.

No. 77-089.

93 Wis.2d 258 (1980)

286 N.W.2d 360

FIRST WISCONSIN TRUST COMPANY, and others, Plaintiffs-Respondents and Cross-Appellants, v. L. WIEMANN COMPANY, Defendant-Appellant and Cross-Respondent.

Supreme Court of Wisconsin.

Decided January 8, 1980.


Attorney(s) appearing for the Case

For the appellant the cause was submitted on the briefs of Morris Karon of Milwaukee.

For the respondents the cause was submitted on the briefs of Herbert L. Usow, S.C., of Milwaukee.


CONNOR T. HANSEN, J.

The defendant entered into a 28 year lease for the ground floor of a building in Milwaukee in which to operate a retail variety store. The term of the lease was from June 1, 1953, to May 31, 1981. The rent was $1,000 per month, plus a percentage of the net sales in excess of $200,000 per year, and $166.66 per month to repay a $25,000 loan from the lessor for the financing of improvements. The defendant also agreed to pay one-half of the real estate...

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