Greenbaum v. Cortez

OPINION

NYE, Chief Justice.

This is an appeal from a judgment granting specific performance of an option to purchase realty.

On December 3, 1974, Mike Sullivan owned real property in Cameron County described as Lot 6 and the south one-half of Lot 5, Block 14 of the Third Addition to the city of San Benito. On that date, Sullivan leased the property to Julian Cortez, Jr., appellee herein, for a term of five years, beginning December 5, 1974.

The lease contained the following provision:

“Seller gives buyer option to purchase said property for $16,500. at the end of 5 years with ⅜ of rent money going…