About this document
Lease Renewal Clause Interpretation by bimilicious is a document available to read on EtoBox.
The Supreme Court of the Philippines summarized a case regarding the interpretation of a lease contract clause. The clause stated the lease was "renewable for another ten (10) years at the option of both parties." The lower court ruled the lessee could unilaterally renew, but the Court of Appeals reversed, finding the option required mutual agreement. The Supreme Court agreed with the Court of Appeals, finding the language clearly indicated renewal required the assent of both parties. It overruled prior cas
- Author
- bimilicious
- Language
- EN