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BAZELIN TRUST v. McCANDLESS INT'L TRUCKS

No. 22145

830 P.2d 1332 (1992)

MARCELYN BAZELIN TRUST, Marcelyn Bazelin Lauppe and Marylynn Kelley, Appellants, v. McCANDLESS INTERNATIONAL TRUCKS, INC., a Delaware corporation, Respondent.

Supreme Court of Nevada.

May 13, 1992

Attorney(s) appearing for the Case

McDonald, Carano, Wilson, McCune, Bergin, Frankovich & Hicks, Las Vegas, for Appellants.

Lynn R. Shoen, Las Vegas, for Respondent.

OPINION

PER CURIAM:

The issue presented on appeal is whether real property which is the subject of an exercised lease-purchase option should be valuated as if it were encumbered by an extension of the leasehold term that was not effectuated by the optionee. For the reasons set forth below, we conclude that the purchase price should be valuated as unencumbered by any lease extension.

Facts

The parties are successors in interest of...

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