Allen v. National Advertising Co.

OPINION

SANDERS, Presiding Judge

(Eastern Section).

The Defendant, Outdoor West, Inc., has appealed from a chancery decree holding the Plaintiff had timely exercised his option to purchase under two separate leases, and awarding damages.

On September 12, 1977, the Plaintiff-Ap-pellee, James M. Allen (Allen), entered into a lease agreement with National Advertising Company (National), which permitted National to erect and maintain a “billboard” for outdoor advertising upon his property. The lease was for a period of five years. As pertinent here, the lease contained the following provision: “The…