Stump's Market, Inc. v. Plaza De Santa Fe Ltd.
Opinion
Lead Opinion
Huffman, J.
*884 Opinion
Plaza de Santa Fe Limited, LLC (Plaza), and Stump’s Market, Inc. (Stump’s Market), have enjoyed a long contractual relationship in which Plaza leases certain commercial property in a shopping center to Stump’s Market. Stump’s Market operates a grocery store on the leased premises. Unfortunately, after a dispute regarding the calculation of rent, the existence of an option to extend the lease, and the payment of repairs to the parking garage in the shopping center, the parties found themselves embroiled in litigation. At trial, both the jury and the court found in favor of Stump’s Market on the majority of its claims, both legal and equitable.
Plaza now appeals the judgment, raising three issues, but leaving the majority of the judgment unchallenged. Plaza disputes the factual finding of the validity of two options extending its lease with Stump’s Market, one covering December 1, 2019, to November 30, 2024 (the 2019-2024 option), and another covering December 1, 2024, to November 30, 2029 (the 2024—2029 option). Plaza maintains that neither option is supported by consideration. Plaza also argues the 2024—2029 option violates the statute of frauds.