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MOOLENAAR v. CO-BUILD COMPANIES, INC.

Civ. No. 392/1972.

354 F.Supp. 980 (1973)

Halver MOOLENAAR, Plaintiff, v. CO-BUILD COMPANIES, INC., Defendant.

District Court, Virgin Islands, D. St. Croix.

February 13, 1973.

Attorney(s) appearing for the Case

Nichols & Silverlight, Christiansted, V. I., for plaintiff.

Gibbs & Selke, Charlotte Amalie, St. Thomas, V. I., for defendant.

MEMORANDUM OPINION AND JUDGMENT

WARREN H. YOUNG, District Judge.

This case involves the proper construction of the renewal clause in a lease. Briefly stated, two issues are presented. First, is a valid and specifically enforceable renewal option created by a clause which leaves the rent for this period to be determined by subsequent agreement between the parties? And secondly, if the clause is valid but the parties are unable to agree on the rent, how is...

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