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HUMPHRIES INVESTMENTS, INC. v. WALSH

Docket No. G004910.

202 Cal.App.3d 766 (1988)

248 Cal. Rptr. 800

HUMPHRIES INVESTMENTS, INC., et al., Plaintiffs and Respondents, v. LUCILLE I. WALSH, Defendant and Appellant.

Court of Appeals of California, Fourth District, Division Three.

June 30, 1988.

Attorney(s) appearing for the Case

COUNSEL

Hart, King & Coldren, Robert S. Coldren, Robert J. Incollingo and Mary F. Santandres for Defendant and Appellant.

Cooksey, Howard, Martin & Toolen, James M. Martin and Melissa W. Kennelly for Plaintiffs and Respondents.

OPINION

SONENSHINE, J.

Lucille Walsh appeals the court's clarification of the term "fair market value," the basis for rental adjustment on land leased to Humphries Investments, Inc. (Humphries).

I

Walsh, as lessor, with Humphries and Gilbert Ranney, as lessees, were parties to a 52-year ground lease executed in 1960. The lease contemplated the construction and operation...

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