Skip to main content
DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934)

Citation
Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934)
Parent Document
Alexander v. Theatre Realty Corporation, 70 S.W.2d 380 (1934)
Jurisdiction
Kentucky (state)
Effective Date
1934-03-23

Other Sections in This Document (72)

Full Text

655 chars
It is to be here noted that this lease, containing-■this provision for its assignment, was executed in March, 1928, at a time when, as said by appellee, “the post-war prosperity was at its height, and nothing had. occurred to forecast the market crash that took place in October, 1929. The resulting collapse of real estate and rental values had not been dreamed of.' The tenant believed that a ninety-nine year leasehold entailing an. annual rental of $44,000, plus taxes, in addition to the expenditure of $250,000 by the tenant in the erection of improvements on the leased land, would prove profitable. ” Or as stated in the opinion of the chancellor: