Budd Land Co., Ltd. v. K & R Realty Co.
| Decision Date | 08 September 1981 |
| Docket Number | No. 62348,62348 |
| Citation | 159 Ga.App. 448,283 S.E.2d 665 |
| Court | Georgia Court of Appeals |
| Parties | BUDD LAND COMPANY, LTD. v. K & R REALTY COMPANY. |
J. Converse Bright, Miller P. Robinson, Valdosta, for appellant.
Wade H. Coleman, Valdosta, for appellee.
On October 10, 1978, Roger Budd Chevrolet, Inc., owner of an automobile dealership and sales business, executed an Asset Sale Agreement agreeing to sell the business to William Kehoe and Joseph Robert on certain conditions, including which was the formation of a corporation by purchasers to hold the assets, their obtention of a dealership agreement from Chevrolet and other manufacturers, the execution of a 10-year lease at a stated price from the owner, Budd, etc. The sale was later executed and assigned to the contemplated new corporation, by Kehoe Chevrolet, Inc. The lease was entered into on December 1, 1978, between Budd Land Company and K & R Realty Company and contained the following provision: "In the event that the premises or any part thereof are taken or condemned or are conveyed under threat of eminent domain, at Lessee's option the lease may be terminated as of the date of such taking."
The following year the City of Valdosta and Lowndes County condemned narrow strips of land for street widening purposes along three of the four sides of Lessor's property ranging from a few inches to eight or nine feet in width, for which a total of $17,975 was paid to the owner. K & R Realty Company gave notice under the quoted lease provision that it exercised its option to terminate the lease, and thereafter Kehoe Chevrolet, Inc. removed from the premises.
In this action the appellant filed suit for rentals allegedly due under the lease. The defendant lessee moved for and was granted summary judgment and this appeal follows.
1. It is first contended that because the Asset Sale Agreement stated that as a condition precedent to closing a 10-year lease at stated monthly rental should be executed between the parties, under this provision, construed with the lease (see Dyal v. Foy & Shemwell, Inc., 159 Ga. 848, 853, 126 S.E. 783 (1924); Knight v. Causby, 68 Ga.App. 572, 23 S.E.2d 458 (1942)) the court should have admitted parol evidence to determine the intent of the parties to the lease and particularly intent as to the meaning of the condemnation clause. We do not agree. This is a standard clause and we do not find it ambiguous so as to call for oral interpretation. "Premises," according to Black's Law Dictionary, encompasses land together with its...
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Bowman v. WALNUT MTN. PROP. OWNERS ASSOC.
...covenants under the procedure for renewal will be enforced according to its terms. OCGA § 13-2-3; Budd Land Co. v. K & R Realty Co., 159 Ga.App. 448, 449(2), 283 S.E.2d 665 (1981); Crawford v. Crawford, 158 Ga.App. 187, 188, 279 S.E.2d 486 (1981). Therefore, where there has been a substanti......
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Fontaine v. Sidelines IV, Inc.
...of the parties is clear, the court must enforce the contract as written. OCGA §§ 13-2-2; 13-2-3; Budd Land Co. v. K & R Realty Co., 159 Ga.App. 448, 449, 283 S.E.2d 665 (1981). The trial court determined that the intent of the parties was clear and unambiguous and that neither party took an......
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Golden Peanut Co. v. Hunt
...of the contract is clear and contravenes no rule of law it will be enforced according to its terms." Budd Land Co. v. K & R Realty Co., 159 Ga.App. 448, 449, 283 S.E.2d 665 (1981). Furthermore, while it is true that OCGA § 11-2-202 does allow for a written contract to be explained or supple......
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Budd Land Co., Ltd. v. City of Valdosta
...reserved under the lease agreement. Summary judgment was granted for the lessee, and this court affirmed in Budd Land Co. v. K & R Realty Co., 159 Ga.App. 448, 283 S.E.2d 665 (1981). In connection with appellant's de novo appeal from the award of the Special Master, both parties stipulated ......