Phillips Petroleum Co. v. Bradley

The opinion of the court was delivered by

Hatcher, C.:

This appeal stems from a controversy between a landlord and tenant over the apportionment of a condemnation award.

The fee title to the real estate and improvements involved was owned by the appellants, the Bradleys, and the property was leased to Phillips Petroleum Company under a written lease dated April 30, 1960. The lease was for a term of twenty years. Lessee had the right to renew the lease for two additional terms of five years each. The primary term of twenty years commenced on December 1, 1960, when the parties agreed that the…