Max 327, Inc. v. City of Portland

Plaintiff appeals from a judgment for defendant city in this action for specific performance of a renewal option in a commercial lease. We affirm.

In February, 1988, Hamid Asgari and Kamy Asgari leased retail space in the Morrison Park East Parking structure. In July, 1988, the Asgaris assigned their interest to plaintiff. In March, 1989, plaintiff and defendant executed an addendum to the lease which, inter alia, granted plaintiff an option to renew, “provided that [plaintiff] is not then in material default hereunder.” On July 12, 1989, plaintiffs attorney sent defendant a letter stating its…