Hite v. Carmon

REED, Justice.

The issue presented in this case is whether a particular written lease of real property created in the tenant a right of renewal in perpetuity that was exercisable by the tenant’s subassignee. The county court held that the lessor had rightfully" terminated the lease as to the subassignee and entered judgment that the lessor was entitled to possession. The circuit court on the subassignee’s appeal reversed. There was no dispute concerning the material facts. The circuit court concluded that the written lease clearly and unambiguously created a right of renewal by the tenant in…