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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Dyer v. Ryder Student Transportation Services, C.A. 98-4489 (1999) (1999)

Citation
Dyer v. Ryder Student Transportation Services, C.A. 98-4489 (1999) (1999)
Parent Document
Dyer v. Ryder Student Transportation Services, C.A. 98-4489 (1999) (1999)
Jurisdiction
Rhode Island (state)
Effective Date
1999-06-07

Full Text

550 chars
Since the actions of Dyer did not constitute a waiver, Ryder lost his right to renew the Commercial Lease for failure to comply strictly with the terms of the first extension to the notice provision. Ryder had until April 30, 1998 to exercise its option to renew. It is well settled that time is of the essence when giving notice to vest a renewal right. Wachovia, 293 S.E.2d at 755. Ryder had no right to extend unilaterally the notice provision under the terms of the Commercial Lease. Accordingly, the Commercial Lease terminated by its own terms.