Crossroads Shopping Center v. Montgomery Ward & Co.

HODGES, Chief Justice.

We granted certiorari to review Montgomery Ward & Co., Inc. v. Crossroads Shopping Center, Colo.App., 620 P.2d 40 (1980), in which the court of appeals reversed a summary judgment of the trial court which held that an option provision in a shopping center lease was unenforceable by the tenant because it violated the rule against perpetuities. We uphold the reversal and therefore affirm the judgment of the court of appeals.

The plaintiff-respondent, Montgomery Ward & Co., Inc. (Montgomery Ward) and the predecessor in interest of the defendant-petitioner, Crossroads…