Property Law Keyed to Singer
The College Block v. Atlantic Richfield Co
The College Block (Plaintiff) leased real property to Atlantic Richfield Company (Defendant) for 20 years. Defendant agreed to build and operate a gas station on the property. The rent was determined by a percentage of the gasoline delivered, and irrespective of the gallons delivered, Plaintiff was to receive a minimum of $1000 each month. Thirty-nine months before the lease was to expire, Defendant closed the station and paid Plaintiff the $1000.00 each month for the months remaining on the lease. The lease did not contain an express covenant requiring it to operate the station; Plaintiff claims that the covenant is implied.
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