Hardy v. Ramey

Stolz, Judge.

Mrs. Ramey instituted dispossessory proceedings on June 6, 1972 against Hardy and Singleton, who had occupied since July 1971 premises owned by her, under a June 4, 1971 written agreement.

The contract, captioned "Lease with Option to Buy,” provided for the lease of the premises for 2 years for a monthly rental of $200, with an option to purchase to be exercised on or before June 3, 1973 by the payment of $5,200, with the balance of the $35,000 purchase price to be paid in monthly installments for 5 years. The amounts paid for monthly rental during the 2-year lease period, were to…