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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

§ 3

Citation
§ 3
Parent Document
Farris v. Laurel Explosives, Inc., 797 S.W.2d 487 (1990)
Jurisdiction
Kentucky (state)
Effective Date
1990-09-07

Full Text

587 chars
§ 3.87 Perpetual Renewals. A lease giving the lessee a perpetual right of renewal is substantially the grant of a fee and is so regarded. Perpetual renewals are therefore valid. But the courts do not favor them; for a lease to be so construed, it must be clear that such was the intention of the parties. Hence, a general covenant for renewal ordinarily will be construed as providing for only one renewal. Perpetual renewal is provided for where the covenant states that the lease is renewable forever or that a renewal lease shall contain a like covenant for renewal. [Emphasis added.]