Peter E. Blum & Co. v. First Bank Building Corp.

McMurray, Presiding Judge.

Peter E. Blum, doing business as a sole proprietor in the name of Peter E. Blum & Co., had been a tenant since approximately 1967 in the leasing of office space in the City of Atlanta from First Bank Building Corp. Since 1969 he has occupied this office space under leases which had been renewed periodically. The last lease which he executed was dated December 4, 1973, representing a renewal of a lease expiring on January 1, 1974. The lessor granted therein an option, to extend for a period of 3 years at the then current rental rate for comparable space on the 16th…