Carter v. Frakes

Opinion op the Court by

Morris, Commissioner

Reversing.

The chancellor decreed that appellants should upon payment of $14,000, execute and deliver to appellee (plaintiff below) a deed conveying title to a business. house located in Williamstown. Appellee by petition seeking a declaration of rights set up the contract showing that the rental period was from June 4, 1937 for five years at an annual rental of $1,200, payable in monthly installments. Two clauses of the contract read:

“Said lessor grants unto said lessee the option of renewmg the lease for a further term of five years, commencing on…