The owners of a downtown Philadelphia parking facility have filed a breach of contract suit against a Los Angeles, CA-based partnership over claims that the defendant has failed to fully compensate the plaintiff for the use of its property.
Stop and Go One Stop Parking Inc., which controls the parking facility at 2116-30 Market Street in Center City, claims in its civil action that Five Star Parking failed to pay the plaintiff the full amount of the defendant’s minimum annual rent, despite the fact that the two parties had a lease agreement that ran from Jan. 1, 2007 to Dec. 31, 2010.
The agreement stipulated that Five Star would pay Stop and Go One Stop Parking a minimum annual rent of $200,000 in monthly installments of $16,666.67 plus additional charges and rent.
The complaint, which was filed Sept. 5 at Philadelphia’s Common Pleas Court by Philadelphia attorney Joel E. Oshtry, alleges that the defendant owes the plaintiff outstanding rent in the amount of $55,500.03 plus $2,775 in late fees.
“Defendants, despite repeated demands by Plaintiff, have failed and refused to pay the amounts due and owing under the Lease in the amount of $58,275.03,” the lawsuit states.
The plaintiff seeks the outstanding rent in addition to costs, commissions and attorney’s fees.
The case ID number is 120900359.