Tracy v. . Albany Exchange Co.

The plaintiff was the lessee of a store for two years and six months from Nov. 1, 1846, at a rent of $1,000 a year, payable quarterly, under a lease executed by the defendant to him, which contained the following covenant: “ The said party of the second part to have the refusal of the premises, at the expiration of this lease, for three years longer.”

On the 1st of February, 1849, the plaintiff requested a new lease from three years from May 1st, 1849, at the same rent. The defendant refused to give it; and sub sequently gave notice to the plaintiff that, unless he would accept a new lease at…