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CROWN MANAGEMENT CORP. v. GOODMAN

No. 84-2220, 84-2234.

474 So.2d 1209 (1985)

CROWN MANAGEMENT CORPORATION, Now Known As Crown Pontiac, Inc., a Delaware Corporation, and Royal Trust Bank of Florida, N.A., Now Known As Florida National Bank, Appellants, v. Marvin J. GOODMAN and Lucille Goodman, His Wife, et al., Appellees.

District Court of Appeal of Florida, Second District.

Rehearing Denied September 3, 1985.

Attorney(s) appearing for the Case

Richard T. Earle, Jr., of Earle and Earle, St. Petersburg, and Joseph W. Letzer of Thomas, Taliaferro, Forman, Burr & Murray, Birmingham, Ala., for appellant Crown Management Corp.

Zala L. Forizs of Blasingame, Forizs and Smiljanich, St. Petersburg, for appellant Florida Nat. Bank.

H. Rex Owen and Bruce Crawford of Owen and McCrory, St. Petersburg, for appellees.

DANAHY, Judge.

The parties dispute the correct interpretation of the rent escalation clause contained in paragraph 5 of their ninety-nine year lease agreement. The first sentence of that paragraph provides that rents shall be increased by the percentage increase, if any, in the level of the official consumer price index. The second sentence provides that each one point increase in the index shall represent a one percent increase in the lease rentals.

The lessee...

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