Roberts v. Peacock

The record in this case discloses that W. M. Lourcey, as landlord, and Charles F. Roberts, as tenant, on September 9, 1935, entered into a lease for a period of nine years and four months, and the tenant yielding and paying therefor the sum of $20.00 per month as rental, which became due and payable on the 15th day of each month. One of the material provisions of the lease is, viz.:

“It is agreed between the parties hereto that should the rent as specified herein remain unpaid for a period of thirty days after same shall become due and payable, the said lessor may, at his option, then consider…