GAINES v. NORTRUST REALTY MANAGEMENT, INC.

No. 82-458.

422 So.2d 1037 (1982)

Harry A. GAINES, Appellant, v. NORTRUST REALTY MANAGEMENT, INC., an Illinois Corporation, Appellee.

District Court of Appeal of Florida, Third District.

November 30, 1982.


Attorney(s) appearing for the Case

Magill, Reid, Kuvin & Lewis and R. Fred Lewis, Miami, for appellant.

Mershon, Sawyer, Johnston, Dunwody & Cole and Robert T. Wright, Jr., and Manuel Kushner, Miami, for appellee.

Before HENDRY, DANIEL S. PEARSON and JORGENSON, JJ.


DANIEL S. PEARSON, Judge.

The appellant, Gaines, leased a suite in the Security Trust Building, a downtown office building, from the appellee, Nortrust Realty Management, Inc. By the terms of the lease, Gaines was granted "the right and option" to extend the term for an additional five years beginning June 1, 1980. Paragraph 25 of the lease provided that:

"In the event that the Lessee exercises the aforesaid option term ... the amount of the base rental rate...

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