Chaney v. Schneider

The parties to this action became involved in a controversy respecting their rights under the following provision in a lease of real property:

“At the expiration of this lease, Lessor agrees to give Lessee first refusal for an additional term of lease, at rentals and terms to be mutually agreed upon at that time, provided, the said Lessee shall faithfully comply with and perform all of the covenants conditions of this lease, and provided, further, that the Lessee shall give 30 days’ notice to the Lessor before the expiration of said lease, to renew said lease.”

The lease was for five years,…