We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Facts: The owner of a gas station leased the building used as a convenience store and the underlying lot to a tenant for a five-year term. The lease gave the owner the option of renewing the lease every five years, with a total of five additional five-year terms. There would be an increase in base rent each time the lease was renewed. The lease also contained an assignment clause providing the tenant with a right to transfer or assign the lease with the written consent of the owner “which shall not be unreasonably withheld.”
