Koppi v. Gallagher

The cause of action is based upon a refusal by defendant to sell the property described in the complaint to plaintiff for the sum of $30,000. It is the contention of plaintiff that he is entitled, as a matter of right, to purchase the property from defendant because of the statement to be found in the 19th clause of the lease under which he is in possession of the property as tenant. The language is as follows: “It is understood and agreed that the tenant shall have the first option of purchasing *80the said premises during the term of this lease for the agreed sum of thirty thousand (30,000)…