Peoples v. New England Lumber & Box Co.

On March 15th, 1917, the plaintiff leased to the defendant certain real estate in Hartford for the term of ten years from that date at the yearly rent of $400 payable in equal monthly payments. The lease contained a provision that the lessee “shall have the option or privilege of renewing this lease for an additional term of ten years beyond this term at the same rental except that if by the end of the tenth year the amount of taxes on said property shall have been increased by an amount of at least $25.00 over the amount assessed at the date of this lease, then the amount of such excess,…