Parker v. Lewis

Citations

• 267 Pa. 382
• 110 A. 79
• 1920 Pa. LEXIS 870

Syllabus

<p>Landlord and tenant — Option to purchase — Renewal of lease— Expiration of option — Nonsuit.</p> <p>Where a lease for eight years gives the lessee the right to purchase the leased property for a stipulated sum “at any time within five years” from the date of the lease, and this option is not exercised within such time, and the lease is renewed from time to time, “under the same conditions,” without the option being revived in any of the renewals, the lessee’s executors cannot exercise the option sixteen years after the expiration of the right given to their decedent to purchase. The option died at the expiration of the five years from the date of the regular lease.</p>