Barnhart v. Stern

.Crownhart, J.

Tjie lease entered into' between the appellant and respondent contained, among other things, the following paragraph:

“It is further agreed and understood that in case the owner decides to sell the premises at any time, she hereby gives the lessee the-first right to- purchase the same, and the said lessee is hereby given the option to purchase the said premises for, the sum of fifteen thousand ($15,000) dollars at any time during the continuance of this lease.”

Within the period of the lease the respondent exercised his option to purchase the premises for $15,000, as he understood…