The Connecticut Supreme Court recently issued a decision confirming what is required of a commercial lessee who seeks to exercise an option to purchase. In Howard-Arnold, Inc. v. T.N.T. Realty, Inc., 315 Conn. 596 (2015), the Court found that the lessee failed to comply exactly with the provisions of the lease to exercise its option to purchase. Specifically, the Court found that the lessee failed to tender the purchase price for the leased premises at the time of the exercise of the option to purchase as required by the lease and rejected the lessee’s claim that the lease was ambiguous as it did not specify the exact purchase amount. The Court further stated, "[w]ith respect to the actual exercise of the option, [t]o be effective, an acceptance of an offer under an option contract must be unequivocal, unconditional, and in exact accord with the terms of the option. . . . If an option contract provides for payment of all or a portion of the purchase price in order to exercise the option, the optionee . . . must not only accept the offer but pay or tender the agreed amount within the prescribed time." Ultimately, the Supreme Court rejected both the lessee’s claims and affirmed the Superior Court’s denial of entry of an order for specific performance of the sale provision.