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CONTOS v. LIPSKY

No. 82-120.

433 So.2d 1242 (1983)

Nicholas CONTOS and Anne Contos, His Wife, Appellants, v. Evalyn LIPSKY, an Individual, Appellee.

District Court of Appeal of Florida, Third District.

Rehearing Denied July 18, 1983.

Attorney(s) appearing for the Case

Koppen & Watkins and George J. Lott, Miami, for appellants.

Katz, Rollnick & Squitero and Neil P. Linden, Miami, for appellee.

Before SCHWARTZ, C.J., and HENDRY and DANIEL S. PEARSON, JJ.

DANIEL S. PEARSON, Judge.

In 1957, the Contoses leased certain land and a restaurant located thereon known as Gallaghers to Evalyn Lipsky.1 The lease was for a thirty-year term. It contained an option to renew for an additional twenty years and, as well, an option to purchase to be exercised during the last ten years of the initial term, that is, between 1977 and 1987.

In 1960, certain improvements and additions to the building...

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