Schlegel v. Bott

115 A. 578, 93 N.J. Eq. 330, 8 Stock. 330, 1921 N.J. Ch. LEXIS 38
CourtNew Jersey Court of Chancery
DecidedJuly 9, 1921
StatusPublished
Cited by1 cases

This text of 115 A. 578 (Schlegel v. Bott) is published on Counsel Stack Legal Research, covering New Jersey Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Schlegel v. Bott, 115 A. 578, 93 N.J. Eq. 330, 8 Stock. 330, 1921 N.J. Ch. LEXIS 38 (N.J. Ct. App. 1921).

Opinion

Grirrin,"V. C.

The complainant aslis that defendant be decreed to specifically perform an option agreement contained in two instruments, a lease and an agreement, both dated April 17th, 1917, to convey certain premises described in the bill, and the case turns on whether, at the.time the complainant declared his option, the lease was valid and subsisting.

The complainant says it was; the defendant urges to the contrary, basing his contention, on- a clause in the lease, hereinafter set forth, that the complainant agreed to deposit $1,500 as security for the restoration of the premises in good condition, &c., at the end of the term, which clause complainant failed to comply with.

In the first clause, after the words “of letting and hiring and description of the premises,” the lease provides that the term símil run from September 1st, 1917, for the term of five years and eight months, the rent reserved to be at the rate of $250 a month, for the first two years and eight months (to- May 1st, 1920), and $275 a month for the remaining three years. ■

The second clause is in the usual form, giving the right of reentry for non-payment of rent and breach of covenants therein contained.

In the third clause the complainant covenants to pay in advance the rent above reserved on the fust day of each month.

The fourth clause provides for the surrender at the end of the term or determination of the lease in the common form.

The fifth clause is as follows:

“And the party of the first part covenants, that the said party of the second part, on paying the said rent, and performing the covenants aforesaid, shall and may peaceably and quietly have, hold and enjoy the said demised premises for the term aforesaid.”

The seventh clause deals with repairs, &c.

The eighth clause is as follows:

“It is hereby mutually understood and -agreed that this indenture is subject to the provisions of an agreement entered into between the parties hereto of even date herewith, giving said lessee an option- to purchase the demised premises.”

[332]*332Tbe ninth clause gives complainant an option of renewal for five years at an increase of $25 a month rent.

The tenth clause, under which the complainant claims the ■ lease was and is void, is as follows:

“And the party of the second part hereby agrees before this lease becomes operative to deposit with the party of the first part the sum of fifteen hundred ($1,500) dollars as security for the surrender at the expiration of the term or terms hereunder of said premises in the state and condition as hereinabove agreed, which sum the lessor agrees to repay said lessee with interest at four per cent, per annum upon such restoration of said premises, or in the event that the lessee shall exercise the option to purchase, the said sum with interest shall be allowed on said purchase price.”

The remaining clauses need not be referred to.

The agreement, after reciting the foregoing lease, states that in consideration of its execution and one dollar, interchanged, the defendant, for himself, &e., agrees to convey in fee, free from encumbrances, the premises described in the lease to the complainant on demand for $-16,000, to be paid as therein provided “at any time during the life of the said indenture of lease above referred to, or the renewal thereof.”

Provision is also made for crediting the $1,500 deposit referred to in the lease, with interest, on the purchase price.

At the time the lease was signed there was on the premises one Ton jes, occupying a portion, and paying $125 a mouth; a butcher and a boot-black, occupying other portions, paying $40 and $25 a month respectively. T'onjes, as I recall it, moved about the 1st of May, and the complainant entered into possession of the part vacated, paying rent at the rate of $250 a month for the whole of the premises, and collecting the rents from the butcher and the hoot-black. My recollection of the testimony is that Mr. Schlegel was employed by some large hardware establishment in Union Hill, and it was suggested by Mr. Bott, or someone, that he rent the premises in question and start in business for himself. Whether this he so or not, Mr. Bott knew that the purpose of Mr. Schlegel was to enter into this line of business, which required a long lease, and thus a clause allowing him to make alterations and changes in the premises was inserted.

[333]*333The complainant, upon entering into possession, commenced the making of very extensive alterations at considerable expense, which were completed about the middle of June. He laid in a large stock of hardware, which greatly depleted his capital, so that, on the 1st of September, 1917, he could not conveniently make the deposit of $1,500 required by the agreement, and it was not paid at that time or any other time. It was, as I recall it, discussed, but defendant did not insist upon payment, nor assert the invalidity of the lease by reason thereof. The complainant continued paying his rent under the terms of the lease, and, apparently, living up- to all the terms contained therein, excepting the payment of $1,500 down to the 1st day of July, 1920, after he had declared his option. This, the complainant contends, with other circumstances, shows not only the defendant’s interpretation of the contract, but also that he waived his claim to the $1,500 deposit.

The complainant, thinking that the two years and eight months’ period for the payment of the $250 a month commenced in April, 1917, and terminated on the 1st day of December, 1919, on the last-mentioned date drew his cheek for $.275, which was the sum payable under the terms- of the lease for the last three years’ period, and delivered the same to the defendant. The defendant told complainant that he had not read his lease; that the $275 period did not begin until the 1st of next May, and that his- rent was still $250. This cheek for $2.75 was returned to the complainant, and the complainant thereupon drew a cheek for $250, delivered the same to the defendant, and it was accepted.

On May 1st, 1920, the rent, by the terms of the lease, became $275 a month. This sum the complainant paid to- the defendant, which was accepted, and down to this- date there was not a word said by the defendant to the complainant that the lease was non-existent, or that their relations were governed by anything other than the terms of tire lease and agreement.

On May 12th, 1920, the complainant, with his attorney, called on the defendant and told him that he then desired to- exercise his'option, and at that time the defendant refused to make the [334]*334conveyance, saying that the complainant had not kept his agreement by making the deposit of $1,500.

On May 2'Stli, 1920) the complainant tendered the $1,500 to the defendant, which tender was refused.

■ This was followed by the defendant serving a notice on May 29th, 1920, on the complainant, which required him to quit the premises (stating that said premises were occupied by complainant-as a tenant at will) on the- 1st of September, 1920, and requiring him to deliver possession thereof on or before that date. The complainant, after the service of said notice, again paid to the defendant $275 rent for the month of June, and on the 12th of June served a formal notice declaring his option and demanding" a deed.

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Related

Brady v. Brady
238 A.2d 201 (New Jersey Superior Court App Division, 1968)

Cite This Page — Counsel Stack

Bluebook (online)
115 A. 578, 93 N.J. Eq. 330, 8 Stock. 330, 1921 N.J. Ch. LEXIS 38, Counsel Stack Legal Research, https://law.counselstack.com/opinion/schlegel-v-bott-njch-1921.