HERTZ EQUIPMENT RENTAL CORPORATION v. Evans

Benham, Justice.

This appeal follows the trial court’s dismissal of appellant/ lessee’s complaint for specific performance of an option to purchase real property, and the grant of summary judgment to appellee/lessor.

In 1964, appellee and her husband leased certain real property to appellant’s predecessor for a ten-year term, with an option to extend the lease for an additional five-year term. The 1964 lease also contained an option to purchase the real property for $75,000, which option provided

In the event that the term of this lease is renewed, as herein provided, after the expiration of the…