BUDD LAND COMPANY, LTD. v. City of Valdosta

Carley, Judge.

As lessor, appellant-condemnee leased to K & R Realty Company a tract of land with buildings situated thereon. The lease agreement included a provision that, in the event that the premises or any part thereof were taken or condemned, the lease could be terminated, at the lessee’s option, as of the date of the taking.

In July 1980, appellee-condemnors, the City of Valdosta and Lowndes County, instituted proceedings to condemn a portion of appellant’s property which was under lease. Following a hearing before a Special Master, appellant was awarded a sum representing the market…