MUSSELL, J.
On August 30, 1945, plaintiffs, owners of real property in Indio, entered into a written lease of the premises to defendant J.F. Seawell and H.H. Snow. The lease was for five years at a monthly rental of $150, with an option to purchase as follows:
"12. Lessees are hereby granted an option to purchase said real property at the expiration of said term or any renewal thereof by giving to the lessors at least sixty days notice in writing of such election...
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