Moolenaar v. Co-Build Companies

Moolenaar (plaintiff) leased land from Aureau Correa for goat husbandry, with a five-year term and an option to renew at a renegotiated rate that would be reasonable and based on fair market value. Correa later sold the property to a predecessor of Co-Build Companies (CDC) (defendant), who had actual knowledge of the lease and renewal option at the time of purchase. When Moolenaar sought to exercise the renewal option, CDC agreed to renew but demanded a significantly higher rate based on industrial rather than goat-husbandry use, prompting Moolenaar to bring this declaratory action.