Pennsylvania Academy of Fine Arts v. Grant

MONTEMURO, Judge:

This is an appeal from an Order granting appellee’s motion for summary judgment in a landlord tenant action.

Appellee is the lessee and appellant the lessor of a certain piece of property in Center City Philadelphia used as a parking lot. On January 30, 1989, the lease, which was to expire on July 31, 1989, was assigned by the then tenant, Mellon Bank (East) N.A., to appellee as successor in interest. The lease contained an option to purchase clause which specified that it was to be exercised at least six months prior to the expiration date. A letter dated January 30, 1989,…