Troccoli v. L&B Products of Illinois, Inc.

This matter is before this court as an interlocutory appeal, pursuant to Supreme Court Rule 308 (107 Ill. 2d R. 308). The facts are undisputed.

In 1971, L&B Products (L&B), appellant, and Mary Troccoli, appellee, entered into a written lease agreement under which L&B agreed to rent from appellee industrial property located at 450 North Leavitt Street in Chicago. The lease provided that the rent would be $2,083.33 a month and that the tenancy would extend from July 1, 1971, until June 30, 1976. In a rider attached to the lease, L&B was given an option to renew the lease for another five-year…