May & Sons v. Adair

Certain premises were occupied by tenants under a written lease for tbe term of one year commencing September I, 1914, and ending August 31, 1915, at a price named, payable monthly in advance. Shortly before the expiration of' the term the tenants requested the landlords to reduce the rent, and this request was refused; but the tenants agreed that the landlords might prepare a renewal lease (for the ensuing calender year, at the same price) which they would then “decide” upon. After the expiration of the lease, one of the tenants again asked the landlords for a reduction of rent, and this…