Ivy Ramsey v. Wellington Co.

— This is a suit for the specific performance of an alleged parol agreement to lease real property for a term longer than one year. The realty in question is a set of apartments on Lots 1 and 4 in Block 102 of Couch’s Addition to the City of Portland, owned in fee by the defendant. A lease of this property was made August 15, 1916, to Helen Ingerslev for three years with an option for an additional two years from August 15, 1919, to August 14, 1921, at a rate for the optional term to be agreed upon by the lessor and lessee and in case agreement could not be reached, the rental charge was to…