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KARLAN, INC. v. KING

A91A1651.

202 Ga. App. 713 (1992)

415 S.E.2d 319

KARLAN, INC. v. KING et al.

Court of Appeals of Georgia.

Decided February 7, 1992.

Attorney(s) appearing for the Case

Freisem, Swann & Malone, C. Cyrus Malone III, for appellant.

Jones, Day, Reavis & Pogue, David J. Bailey, for appellees.

COOPER, Judge.

Appellant, a corporation operated by Mr. and Mrs. Karlan, rented office space in a building located in the Buckhead area of Atlanta. The 1982 lease executed by appellant provided that the rental would be adjusted each year based upon the increase of the Consumer Price Index ("CPI"). The 1982 lease, which was for an initial term of five years, contained an option to renew the lease term for an additional five years, stating: "Lessee shall have the option...

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