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WPB, LTD. v. SUPRAN

No. 97-1668.

720 So.2d 1091 (1998)

WPB, LTD., a Florida Limited Partnership, Stiles at Palm Beach, Ltd., a Florida Limited partnership, as General Partner of WPB, Ltd., Terry W. Stiles, as General Partner of Stiles at Palm Beach Ltd., and Terry W. Stiles, individually, Appellants/Cross-Appellees, v. George P. SUPRAN, as Trustee, Appellee/Cross-Appellant.

District Court of Appeal of Florida, Fourth District.

Rehearing Denied September 29, 1998.

Attorney(s) appearing for the Case

Bryan W. Duke, Fort Lauderdale, for appellants/cross-appellees.

Bard D. Rockenbach, and Daniel M. Bachi of Sellars, Marion & Bachi, P.A., West Palm Beach, for appellee/cross-appellant.

GROSS, Judge.

The main issue in this appeal is whether section 687.01, Florida Statutes (1989), controls a commercial lease which provides that interest on a security deposit "shall accrue to the tenant," but fails to discuss the rate at which the interest will accrue. We hold that the statute applies to supply the interest rate in such a case, and affirm.

In 1989, appellee George Supran entered into a commercial lease with appellant/landlord WPB, Ltd. The...

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