HASSELL, Justice.
In this appeal, we consider whether a provision in a contract of sale of real property is sufficient to create a leasehold estate.
On April 24, 1990, A.O. Krautz, Inc. and Richard A. Ledford executed a contract of sale of real property. Ledford agreed to convey to Krautz two parcels of land, described as Lots 4A and 5, Section 6 of the Hanover Industrial Airpark, and improvements thereon for $1,050,000. The property was conveyed by deed dated...
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