First National Bank v. Centennial Equities Corp.

Hill, Justice.

PCW Associates, Inc. (PCW), leased a tract of land to the National Bank of Georgia (NBG) in 1970 for a 15-year term expiring in 1985, and NBG agreed to construct a branch bank building thereon to become a part of the premises. It was agreed that the lessee, NBG, could not assign the lease without the prior written consent of the *122lessor, PCW, "which prior written consent may not be unreasonably withheld.” This lease will be referred to hereinafter as " the ground lease.”

At some time, Centennial Equities Corp. and two individual defendants, Paul Smith and Michael Gearon (referred…