Maryland Theatrical Corp. v. Manayunk Trust Co.

146 A. 805, 157 Md. 602, 1929 Md. LEXIS 132
CourtCourt of Appeals of Maryland
DecidedJuly 12, 1929
Docket[No. 38, April Term, 1929.]
StatusPublished
Cited by15 cases

This text of 146 A. 805 (Maryland Theatrical Corp. v. Manayunk Trust Co.) is published on Counsel Stack Legal Research, covering Court of Appeals of Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Maryland Theatrical Corp. v. Manayunk Trust Co., 146 A. 805, 157 Md. 602, 1929 Md. LEXIS 132 (Md. 1929).

Opinion

Digges, I.,

delivered the opinion of the Court.

The question presented by this appeal is whether or not a lease, entered into by the predecessor in title of the appellant as lessee and the predecessor in title of the appellees as lessor, is redeemable. This lease was dated May 29th, 1914, and covered a lot located in Baltimore City known as 114 West Lexington Street. This lot had a frontage of 22% feet on Lexington Street, an irregular depth of 107 feet, and contained 2,534 square feet. It was leased for the purpose of and is now being used as the entrance to a theater belonging to the appellant. The lease was “for a term of six years, commencing on the first day of October, 1914 and ending on *604 the 30th day of September, 1920; at the end of said term of ■six years the tenant, its successors and assigns shall have the right to renew this lease for a further term of eight years commencing on the first day of October, 1920 and ending •on the 30th day of September, 1928; at the end of said term of eight years said tenant shall have the right to renew this lease for a further term of ten years commencing on the first day of October, 1928 and ending on the 30th day of September, 1938.” The tenant, for itself, its successors and assigns, covenanted and agreed to pay to the landlord, her personal representatives and assigns, the sum of $6,500 per year for the said term of six years, the sum of $7,500 per year for the said term of eight years, and for the said term of ten years the sum of $7,500 per year, together with such other amount per year, in addition to said $7,500, as may be fixed in the method later prescribed in said lease; the payments -of rent to be made in equal monthly instalments in advance, accounting from the first day of each of the said terms. It was further provided that, if the amount of rent for the afore.said term of ten years in addition to the aforesaid sum of $7,500 could not be agreed upon by the landlord and the tenant, then the landlord and the tenant should each appoint ■one arbitrator on or before the first day of May, 1928, and ■said two arbitrators should fix said additional amount, and if they could not agree, they should appoint a third arbitrator, .and the majority of the three should fix said additional .amount, which said additional amount fixed in either method should bind the parties; and if said two arbitrators could not .agree on said additional amount, or could not agree on the third arbitrator, on or before June 1st, 1928, or if, having .agreed on the third arbitrator, the majority could not agree •on said additional amount on or before July 1st, 1928, then said appointment should be void, and the tenant agreed to pay a reasonable rent per annum for said property for said'term •of ten years, said reasonable rent to be determined in a suit instituted in one of the courts of Baltimore City to recover the rent for the month of October, 1928, to be tried before the court, without a jury, and if in said suit the judgment should *605 be for $625 or less, exclusive of costs, then the said rent for the ten year term should be $625 per month, and if said judgment should be for a sum, exclusive of costs, more than $625, then the monthly rent for the said ten year term should be that sum. It is further provided: “In addition to the aforesaid sums the tenant for itself, its successors and assigns agrees to pay to the landlord her personal representatives and assigns as rent during the continuance of this lease the following sums when due after demand by the landlord, to wit, one-half of any increase in taxes on the leased promises over the taxes for the year 1914 arising not from an increased rate but solely from an increased assessment on said leased premises, the present assessment being $40,125; also any water rent on said leased premises in excess of $13; also any fire insurance premiums paid by the landlord in excess of the rate of $50 per annum.” And further: “This lease shall be deemed renewed for the aforesaid term of eight years and for the aforesaid term of ten years unless the tenant, its successors or assigns shall give notice to the landlord and her personal representatives or assigns to the contrary on or before the first day of April, 1920 or the 1st day of April, 1928, respectively and unless this lease be terminated in any manner prior to the 30th day of September, 1938, then and in that event the tenant, its successors and assigns shall have the right on the 29th or 30th day of September, 1938, to purchase the leased premises at and for the sum of $125,000 and the landlord, her personal representatives and assigns covenants upon the payment to her, him or them of the said sum of $125,000 to convey the leased premises to the tenant, its successors or assigns hereunder by a good and sufficient deed free from all encumbrances except an annual ground rent of $240.” The foregoing is a statement of such portions of the lease as are necessary for the determination of the questions here involved.

The record shows that the tenant entered into possession under the lease and paid the rent therein specified for the first six year period, which ended September 30th, 1920, and after that date continued, for the additional period of eight years, paying the increased rent specified for that period, *606 which, would .expire September 30th, 1928; that about March 15th, 1928, the appellant gave verbal notice to the defendant of its intention to redeem the property affected by the lease, and on or about April 30th, 1928, gave formal notice in writing of its intention so to do. The appellees denied the right of the appellant to redeem the lease, whereupon the appellant filed its bill in the Circuit Court of Baltimore City, in which it alleged that it was entitled to redeem the lease, that it was ready, able, and willing to pay the redemption price fixed by law; that the defendant denied the redeem-ability of said rent and refused to execute a deed redeeming the same upon payment or tender to them by the appellant of “a sum of money equal to the capitalization of the rent reserved at the rate of six per cent., together with any and all rent accruing to the day of such tender.” The bill prayed that the defendant be required by decree, upon payment or tender of the redemption price, to execute and deliver to the appellant a deed redeeming the rent reserved on the property referred to in the aforesaid lease in accordance with the provisions of section 95 of article 21 and section 25 of article 53 of the Code, “to the end that said annual rent reserved in said lease may be merged and extinguished,” and that the appellant “may hold said property clear and discharged from said lease.” After testimony and hearing, the chancellor, on March 28th, 1929, passed a decree dismissing the bill of complaint, from which decree the appeal here was taken.

The statute under which the appellant claims the right to redeem this lease is section 93 of article 21 of the Code, and reads as follows: “All rents reserved by leases or subleases of land hereafter made in this State for a longer period than fifteen years shall be redeemable at any time after expiration of five years from date of such leases or subleases, at the option of the tenant, after a notice of one month to the landlord, for a sum of money equal to the capitalization of the rent reserved at a rate not exceeding six per centum.”

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Law Offices of Taiwo Agbaje, P.C. v. JLH Properties, II, LLC
901 A.2d 249 (Court of Special Appeals of Maryland, 2006)
Siu Leung Shum v. Gaudreau
562 A.2d 707 (Court of Appeals of Maryland, 1989)
Collier v. Connolley
400 A.2d 1107 (Court of Appeals of Maryland, 1979)
University Plaza Shopping Center, Inc. v. Garcia
367 A.2d 957 (Court of Appeals of Maryland, 1977)
Brown v. Bradshaw
226 A.2d 565 (Court of Appeals of Maryland, 1967)
Taylor v. Ogle
96 A.2d 24 (Court of Appeals of Maryland, 1953)
Schultz v. Kaplan
56 A.2d 17 (Court of Appeals of Maryland, 1947)
Schaeffer v. Bilger
45 A.2d 775 (Court of Appeals of Maryland, 1946)
Womble v. Walker
181 S.W.2d 5 (Tennessee Supreme Court, 1944)
In re Bonwit, Lennon & Co.
36 F. Supp. 97 (D. Maryland, 1940)
Irving Trust Co. v. Burke
65 F.2d 730 (Fourth Circuit, 1933)
In re Rosenstock
1 F. Supp. 830 (D. Maryland, 1932)
Public Service Commission v. Sun Cab Co.
154 A. 100 (Court of Appeals of Maryland, 1931)
McCrory Stores Corp. v. Bennett
152 A. 258 (Court of Appeals of Maryland, 1930)

Cite This Page — Counsel Stack

Bluebook (online)
146 A. 805, 157 Md. 602, 1929 Md. LEXIS 132, Counsel Stack Legal Research, https://law.counselstack.com/opinion/maryland-theatrical-corp-v-manayunk-trust-co-md-1929.