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ing, which served as commercial storage garages.
On July 10, 1984, Marvin A. Mumma (Mr. Mumma) agreed to
lease certain property that he owned, which was located on North
St. Clair Street, Dayton (St. Clair property), to Mr. Signom and
Malcom W. MacLeod (Mr. MacLeod) (Mumma/Signom/MacLeod lease).
The Mumma/Signom/MacLeod lease was for a one-year term that
commenced on August 15, 1984. If certain conditions stated in
that lease were satisfied, it was automatically renewable for a
total of four additional years.
On March 16, 1987, after Mr. MacLeod moved away from Dayton,
Mr. Mumma and MHR Properties, which at all relevant times was an
Ohio general partnership in which both Mr. Signom and Ms. Signom
were equal general partners, entered into a written lease agree-
ment with respect to the St. Clair property. (We shall refer to
that written lease agreement as the Mumma/MHR Properties lease
agreement.) Pursuant to the Mumma/MHR Properties lease agree-
ment, Mr. Mumma agreed to lease the St. Clair property to MHR
Properties for a 10-year term that commenced on March 1, 1987, in
return for monthly rental payments of $1,000. (We shall refer to
MHR Properties’ right under the Mumma/MHR Properties lease
agreement to lease the St. Clair property as MHR Properties’
leasehold interest.) The Mumma/MHR Properties lease agreement
did not permit MHR Properties, the lessee, to terminate MHR
Properties’ leasehold interest unilaterally.
Pursuant to the Mumma/MHR Properties lease agreement, Mr.
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