Patellis v. 100 Galleria Parkway Associcates

Judge Harold R. Banke.

The appellants leased separate spaces in the appellees’ office buildings. Both leases included identical typewritten renewal options for an additional 60-month term, contingent upon the tenant not being in default and giving 180 days’ prior written notice, and provided that “[t]he rental rate for said Lease renewal shall be negotiated in good faith between Landlord and Tenant at that point in time.” The appellants’ attempts to exercise the renewal options were rejected by the appellees, who instituted dispossessory actions when the appellants failed to vacate the…