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Contractors Lane alleged to have failed to honor purchase option in lease for Chico property

NORTHERN CALIFORNIA RECORD

Sunday, December 22, 2024

Contractors Lane alleged to have failed to honor purchase option in lease for Chico property

Lawsuits
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OROVILLE – A Butte County man and a limited liability company allege that a Del Mar company failed to honor the purchase option of a lease.

Erick Benik and Wishbone Ranch LLC filed a complaint on Oct. 23 in the Butte Superior Court against 13290 Contractors Lane LLC, Richard Bringgold and Does 1 through 25 alleging breach of contract, false promise and other counts.

According to the complaint, on Dec. 1, 2016, the plaintiffs entered into a real property lease with 13290 Contractors Lane LLC that included an option to purchase the real property in Chico for an agreed-upon price, with credit against the purchase price for all rent paid up for two years. 

The plaintiffs allege when they tried to purchase the property, Contractors Lane refused to sell it.

The plaintiffs hold 13290 Contractors Lane LLC, Bringgold and Does 1 through 25 responsible because they allege they will be harmed by Contractors Lane's refusal to comply with the terms of the agreement.

The plaintiffs seek judgment for damages, restitution and declaration, prejudgment interest, attorneys' fees, costs, expenses, or any other relief the court deems just and proper. They are represented by Louis A. Gonzalez Jr. and Zack S. Thompson of Weintraub Tobin Chediak Coleman Grodin in Sacramento.

Butte Superior Court case number 18CV03508

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