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INTERN. EQUIP. SERV. v. POCATELLO INDUS. PARK

No. 15204.

695 P.2d 1255 (1985)

107 Idaho 1116

INTERNATIONAL EQUIPMENT SERVICE, INC., and American and Foreign Insurance Company, Plaintiffs-Appellants, Cross-Respondents, v. POCATELLO INDUSTRIAL PARK COMPANY, a corporation, Defendant-Respondent, Cross-Appellant.

Supreme Court of Idaho.

February 13, 1985.

Attorney(s) appearing for the Case

W. Marcus W. Nye, of Racine, Olson, Nye, Cooper & Budge, Chartered, Pocatello, for plaintiffs-appellants, cross-respondents.

Charles L. Hay, Cascade, for defendant-respondent, cross-appellant.

McFADDEN, Justice Pro Tem.

International Equipment Service (IES) entered into a lease agreement with Pocatello Industrial Park Company (PIPCO) wherein IES leased an industrial building from PIPCO for one year. The lease provided that the lessor, PIPCO, would maintain the roof and other structural components in good repair. The lease also provided that the lessee would obtain insurance and that, to the extent a loss was insured, the parties waived their right of recovery...

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