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Celso A. Fernandez vs. Court of Appeals, etal.

CELSO A. FERNANDEZ, petitioner, vs. THE HONORABLE COURT OF APPEALS and MIGUEL TANJANGCO, respondents.

G.R. No. L-80231 | 1988-10-18

D E C I S I O N


FELICIANO, J.:

The controversy here revolves around the appropriate reading of a clause in a lease contract that was executed about fifteen years ago.

On 31 July 1973, respondent Miguel Tanjangco, as lessor, and petitioner Celso A. Fernandez, 1 as lessee, entered into a ten-year Contract of Lease 2 over a piece of land situated along Kahilum Street, Pandacan, Manila, where petitioner would put up the then proposed New Zamora Market. The parties agreed that the lease, which was scheduled to end on 1 July 1983, would be "renewable for another ten (10) years at the option of both parties under such terms, conditions and...