New York Court of Appeals December 31, 1928 (Kotcher v. Edelblute)

Lehman, J.

In May, 1924, Margaret Kennedy signed and delivered a lease of two houses owned by her. The term of the lease was five years beginning October 1st, 1924. The lease contained a clause that the lessee “ shall have the right to purchase said premises in fee at any time during the first two years of this lease for thirty-six

*181

thousand dollars.