Valley Educational Foundation, Inc. v. Eldercare Properties Ltd. (In Re Eldercare Properties Ltd.)

O’CONNOR, Associate Justice (Retired):

These consolidated appeals concern the vitality of the lease of a nursing home facility, Valley Grand Manor. The lessor, Valley Educational Foundation (“VEF”), argues that it validly terminated the lease in June 2005, before the lease’s primary term expired. It also argues that if the lease survived the attempted termination, the lessee, ElderCare Properties Ltd. (“ElderCare”), failed effectively to exercise its option to renew the lease for an additional five-year term and that the lease consequently expired in December 2006. ElderCare argues that VEF…