Cole v. Frostgate Warehouses, Inc.

Carley, Judge.

In June of 1972 Frostgate leased a warehouse for a five-year term ending December 31,1977, unless renewed prior to that date under a renewal clause contained in the lease agreement. The property was jointly owned and Miranda, one of the co-owners, did not sign the lease. On January 19, 1977, Frostgate’s president notified Singletary, the co-owner designated under the lease as the one to whom all rentals be paid, that Frostgate was exercising its option to renew the lease for an additional five-year period. Thereafter, on October 14, 1977, Cole purchased the property and received…