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LYNDA LEE FASHIONS, INC. v. SHARP OFFSET PRINT., INC.

No. 112-75.

352 A.2d 676 (1976)

LYNDA LEE FASHIONS, INC. v. SHARP OFFSET PRINTING, INC.

Supreme Court of Vermont.

February 4, 1976.

Attorney(s) appearing for the Case

Miller & Norton, Rutland, for plaintiff.

Sullivan & McCaffrey, Rutland, for defendant.

Before BARNEY, C. J., SMITH, DALEY and LARROW, JJ., and SHANGRAW, C.J., (Ret.), Specially Assigned.

DALEY, Justice.

The defendant purchased a commercial building in Rutland in December, 1972, subject to a written lease of the third floor held by the plaintiff lessee. The lease was for an initial term of five years from March 1, 1968, and contained the following option clause:

Provided lessee is not then in default, lessee shall have the right to extend this lease for an additional period of five (5) years beginning November 1, 1973, to and including October...

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