Intrepid, Inc. v. Bennett

DICKINSON, Presiding Justice,

for the Court:

¶ 1. A lease agreement included a five-year renewal provision but failed to specify the rent to be paid during the renewal period. So the circuit judge granted a judgment on the pleadings, finding the renewal provision unenforceable. We affirm.

FACTS AND PROCEDURAL HISTORY

¶ 2. Craigside Leasing Corporation leased two tracts of farm land — the 836-acre T.J. Carter Place (“Carter”) and the 1,975-acre Craigside Place (“Craig-side”) — to Intrepid, Inc., for a thirteen-year''term beginning April 1, 1997, and ending December 31, 2009. The annual rent of…