Ocean Petroleum, Co. v. Yanek, 416 Md. 74, 5 A.3d 683 (2010)

Commercial tenant brought action for declaratory judgment construing phrase “the fair market value of the land only” as it appeared in lease’s option to purchase. The Circuit Court, Worcester County, Alfred T. Truitt, Jr., J., entered declaratory judgment. Tenant appealed, and the Court of Appeals, on its own initiative, issued a writ of certiorari.  The Court of Appeals, Barbera, J., affirmed the judgment and held that (1) request for declaratory judgment was ripe for adjudication and (2) phrase meant the fair market value of the land unencumbered by the lease.