Airport Associates v. Asch (In re Airport Associates)

21 B.R. 780, 1982 Bankr. LEXIS 3773
CourtUnited States Bankruptcy Court, D. Hawaii
DecidedJuly 8, 1982
DocketBankruptcy No. 77-00339(6)
StatusPublished

This text of 21 B.R. 780 (Airport Associates v. Asch (In re Airport Associates)) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, D. Hawaii primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Airport Associates v. Asch (In re Airport Associates), 21 B.R. 780, 1982 Bankr. LEXIS 3773 (Haw. 1982).

Opinion

FINDINGS OF FACT AND CONCLUSIONS OF LAW

JON J. CHINEN, Bankruptcy Judge.

The above-entitled matter came on for trial on August 25, 1981 before the undersigned Judge. Philip D. Bogetto, Esq. appeared as attorney for Defendant Marcus H. Asch (hereinafter referred to as “Asch”), and Ethan D. B. Abbott, Esq. and Jerrold Y. Chun, Esq. appeared as attorneys for Plaintiff Airport Associates (hereinafter referred to as “Plaintiff”).

Based on the testimony of the witnesses, the documentary evidence, the pleadings and memoranda submitted by the parties, the Court hereby makes the following Findings of Fact and Conclusions of Law.

FINDINGS OF FACT

1. Plaintiff is and was at all times relevant hereto a Hawaii partnership, doing business in the City and County of Honolulu, State of Hawaii.

2. Defendant Asch is and was at all times relevant hereto a resident of the City and County of Honolulu, State of Hawaii.

[781]*7813. Plaintiff is in a Chapter XII arrangement proceeding described in Bankruptcy No. 77-00339, initiated by the filing of an original petition on August 3, 1977.

4. Plaintiff and Asch entered into a Deposit, Receipt and Offer to Lease, dated November 1,1976, wherein Plaintiff agreed to allow Asch to substitute Hawaii Air-Gunnery, Inc. (hereinafter “Air-Gunnery”), in his place as tenant, if he would “personally guarantee the lease by executing Airport Center Standard Guaranty Agreement”.

5. Plaintiff, as landlord, and Air-Gunnery, as tenant, entered into a Commercial Lease Agreement, dated December 1, 1976 (hereinafter referred to as “Lease”), covering approximately 2,904.2 square feet of space located on the second floor of the Airport Center Building at 3409 Ualena Street for a term of five (5) years commencing January, 1977.

6. A Guaranty Agreement was signed by Asch on January 4,1977, and is attached to the Lease.

7. The executed Guaranty Agreement was drafted by and/or under the direction and control of Asch. It provides in paragraph 1 that “[t]he Guarantor guarantees payment of rent under the attached lease pursuant to the terms thereof.”

8. On or about December 3, 1980, the Court entered judgment in favor of the plaintiff and against the defendant Asch in the sum of $26,089.19, part of said judgment being rent the Court found due and owing under the terms of the lease guaranteed by the Defendant Asch, covering the period September 1979 through June 1980.

9. This second action was brought by the Plaintiff seeking additional rent from July 1980 through August 1981, the breakdown being the following:

July 1980 $2,139.80
August 1980 $2,139.80
September 1980 $2,139.80
October 1980 $2,139.80
November 1980 $1,340.34
December 1980 $1,340.34
January 1981 $1,340.34
February 1981 $1,340.34
March 1981 $1,483.11
April 1981 $1,483.11
May 1981 $1,483.11
June 1981 $1,483.11
July 1981 $ 711.00
August 1981 $ 711.00
Total: $21,275.00

10.Plaintiff claims that Air-Gunnery also owes the sum of $2,751.28 for additional rent due for excess operating costs, a breakdown being the following:

Additional rent from
1/1/80 through 10/31/80 $2,180.20
Additional rent from
11/1/80 through 2/28/81 571.80
Total: $2,751.28

11.The total principal amount claimed as due and owing to Plaintiff by Air-Gunnery is $24,026.28, as follows:

Monthly rent $21,275.00
Additional rent 2,751.28
Total: $24,026.28

12. Plaintiff made written demand in accordance with the aforementioned January 4,1980 Guaranty Agreement upon Asch for $24,026.28.

13. Plaintiff claims that pursuant to the Lease and the Guaranty Agreement, Asch owes Plaintiff the principal sum of $24,-026.28, plus attorneys’ fees and costs. Plaintiff claims 25% of $24,026.28, i.e., $6,006.57, as attorneys’ fees pursuant to the statutory rate as set forth in Hawaii Revised Statutes § 607-17. Plaintiff also seeks costs in the amount of $71.00 which breaks down as follows:

Bankruptcy Court $62.00
Sheriff’s Service Fee 9.00
Total: $71.00

14. On or about November 1, 1980, Plaintiff entered into a lease with DFI Financial, Inc. for a portion of the space formerly occupied by Air-Gunnery.

15. DFI Financial, Inc. leased 1,000 square feet of the 2904.2 square feet origi[782]*782nally leased to Air-Gunnery. The term of the new lease was to terminate June 30, 1988, whereas the space occupied by Air-Gunnery, Inc. was to terminate in or about February 1982.

16. Air-Gunnery and Asch were not informed of this lease prior to the execution of the lease but were informed at a later date that such a lease had been entered into.

17. Plaintiff did not notify Air-Gunnery nor defendant Asch that it was cancelling its lease when it entered into the new lease with DFI Financial, Inc.

18. Plaintiff, through its President, Richard I. Blum, testified that certain accommodations were made to induce DFI Financial, Inc. to enter into the lease.

19. In or about July 1981, DFI Financial, Inc. leased an additional 806.32 square feet of the space formerly occupied by Air-Gunnery. Neither Air-Gunnery nor Asch were informed of this action.

20. Defendant Asch argues that, due to the extensive alterations previously made to the premises by the Plaintiff and because of special considerations given to DFI Financial, Inc. in order to induce them to enter into the lease, the lease was entered into for the benefit of the Plaintiff, and thus Plaintiff has accepted a surrender of Air-Gunnery’s lease, thereby relieving the defendant Asch from any continuing guaranty obligation under said lease.

21. Defendant Asch further argues that the lease entered into between Plaintiff and DFI Financial, Inc. is for a higher rental and for a term longer than that of the existing lease between Airport Associates and Air-Gunnery and there cannot be two leases on the same space without one lease being a sublease.

22. Plaintiff testified that there was no sublease in this matter and that a separate lease was entered into between Plaintiff and DFI Financial, Inc.

23. These Findings of Fact insofar as they are Conclusions of Law are incorporated in the Conclusions of Law as hereinafter stated.

CONCLUSIONS OF LAW

1. Where a lessee abandons leased property and the lessor takes possession and executes a new lease for said property, it does not necessarily mean that the lessor has accepted a surrender of the premises.

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Bluebook (online)
21 B.R. 780, 1982 Bankr. LEXIS 3773, Counsel Stack Legal Research, https://law.counselstack.com/opinion/airport-associates-v-asch-in-re-airport-associates-hib-1982.