TCC ENTERPRISES v. Estate of Erny

OPINION

LIVERMORE, Presiding Judge.

This appeal involves the interpretation of a written lease between Geraldine M. Erny, lessor, and TCC Enterprises, lessee. The lessee has attempted to exercise a purchase option that calls for payment of “current market value.” At issue is the proper method for determining that value. The trial court accepted defendant Erny’s valuation. Because interpretation of a contract is a question of law, we are not bound by that finding. Phillips v. Flowing Wells Unified School Dist., 137 Ariz. 192, 669 P.2d 969 (App.1983). We reverse.

In 1977, Erny entered into a…