This case has been cited 1 times or more.
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2009-03-04 |
YNARES-SANTIAGO, J. |
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| It does not follow, however, that the lease subsisted at the time of the sale of the subject lot on January 29, 1987. When Orlando died on November 7, 1983, the lease contract was set to expire 26 days later or on December 3, 1983, unless renewed by Orlando's heirs for another four years. While the option to renew is an enforceable right, it must necessarily be first exercised to be given effect.[33] As the Court explained in Dioquino v. Intermediate Appellate Court:[34] | |||||