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State Courts -
Alabama - August 12, 2005
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Gulf Coast Realty Co. v. Prof'l Real Estate Partners, Inc., 1031924, 1031926, 1031928,
SUPREME COURT OF ALABAMA, August 12, 2005, Released
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Overview: Although sufficient consideration supported a realtor's option to buy property it leased, the developer was entitled to terminate its tenancy because sufficient notice was given to the realtor, despite the fact that the lease did not state a specific term, as the court interpreted the term under Ala. Code § 35-9-3 to be year to year.
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