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Guzman, Bocaling & Co. vs. Bonnevie

GUZMAN, BOCALING & CO., petitioner, vs. RAOUL S.V. BONNEVIE, respondent.

G.R. No. 86150 | 1992-03-02

D E C I S I O N

CRUZ, J.:

The subject of the controversy is a parcel of land measuring six hundred (600) square meters, more or less, with two buildings constructed thereon, belonging to the Intestate Estate of Jose L. Reynoso.

This property was leased to Raoul S. Bonnevie and Christopher Bonnevie by the administratrix, Africa Valdez de Reynoso, for a period of one year beginning August 8, 1976, at a monthly rental of P4,000.00.

The Contract of lease contained the following stipulation:

20. In case the LESSOR desires or decides to sell the leased property, the LESSEES shall be given a first priority to purchase the same, all things and...