Shell Oil Company v. Mammina

Defendants’ property, located at the corner of Main street and Fair avenue in Benton Harbor, was leased to plaintiff from May, 1941, to July 31, 1949. The lease contained the following option clause:

“At any time during the term of this lease, or any extension or renewal thereof, Shell shall have the option to purchase the leased premises, together with all appurtenances thereto, and all improvements and equipment thereon, for the sum of $18,000.”

The lease also provided that plaintiff could extend the terms of the lease for an additional 5 years by giving “written notice to lessor of such…