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Contracts Keyed to Ayres
Zigas v. Superior Court
Citation:
120 Cal.App .3d 827.Facts
Plaintiffs seek in a class action, damages for the defendants’ violation of a provision of a financing agreement which requires that the defendants charge no more than the Department of Housing and Urban Development (HUD) approved schedule of rents. Plaintiffs allege that the defendants were required under their contract with the Department of Housing and Urban Development to file a maximum rental schedule with HUD and refrain from charging more than those rents without the prior approval of the Secretary of HUD and that they were charging rent in excess of maximums set out in the rental schedule.
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