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eBook details

• Title: Maytime Manor v. Stokermatic
• Author : Supreme Court Of Utah
• Release Date : January 19, 1979
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 56 KB

Description

WILKINS, Justice: Defendants appeal from judgment granted plaintiff on its complaint to reform a lease by the District Court for Salt Lake County, sitting without a jury. Affirmed. Costs to plaintiff. Defendants began negotiating with plaintiff's agent, Lenord Sproul, in the fall of 1971 to purchase or lease the Maytime Manor Convalescent Center in Salt Lake City. On September 20, 1972, defendants submitted to Mr. Sproul a written proposal to lease the convalescent center. Before he submitted the proposal to plaintiff's board of directors, several changes were handwritten into the proposal and initialed by Defendant McPhie in order that the proposal conform to the understanding between McPhie and Sproul. The proposal contained an escalation clause increasing the monthly rent over the flat $9,800 per month amount for the first five years to include an additional percentage equal to the increase in the cost of living from the inception of the lease, limited, however, to a monthly increase of $635. On September 20, plaintiff's board of directors accepted the proposal, expressly noting the escalation clause in its minutes.

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