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Ll And Company Development And Agro-Industrial Corporation vs Huang Chao Chun And Yang Tung Fa

LL AND COMPANY DEVELOPMENT AND AGRO-INDUSTRIAL CORPORATION, petitioner, vs. HUANG CHAO CHUN AND YANG TUNG FA, respondents.

G.R. No. 142378 | 2002-03-07

D E C I S I O N

PANGANIBAN, J.:

A stipulation in a lease contract stating that its five-year term is subject to "an option to renew" shall be interpreted to be reciprocal in character. Unless the language shows an intent to allow the lessee to exercise it unilaterally, such option shall be deemed to benefit both the lessor and the lessee who must both consent to the extension or renewal, as well as to its specific terms and conditions.

Statement of the Case

Before us is a Petition for Review under Rule 45 of the Rules of Court, assailing the October 29, 1999 Decision[1] and the March 9, 2000 Resolution[2] of the Court of Appeals[3]...