Favour v. Joseff

STEVENS, Presiding Judge.

The appellants were the tenants under a written lease - for the period of 1 April 1959 to 31 March 1964. The lease did not contain an option to renew the same. The lease contained a first right of re fusal in the event that the landlord secured an offer to purchase under terms satisfactory to the landlord. In January 1964 the tenants prepared a new lease with the terms identical to the terms of the 1959-1964 lease except that the new term of the lease was to be 1 April 1964 to 31 March 1969. The tenants signed and acknowledged the new lease. The new lease, a check for…