Agenda - Council - 02/26/2013 - Laserfiche WebLink

Home

5. OPTION TO RENEW: Provided Tenant is not in default hereunder and has performed all of its covenants and obligations hereunder, Tenant may extend the Initial Term of this Lease (hereinafter, the "Option") for one two (2) year Option Term. The Option Term shall commence on the first day after the expiration of the Initial Term (the "Expiration Date") upon the terms and conditions, of the Lease. Tenant shall exercise the two (2) year Option only by giving written notice to Landlord not later than 90 days prior to the Expiration Date". See Item 6 of the Data Sheet for the Option Term Rental Rate. 6. TERMINATION. See Item 5 of the Data Sheet for Landlord's Right to Terminate. 7 RENT: See Item 6 of the Data Sheet for the Rental Rate. 8. PROPERTY TAXES: Real Estate Property Taxes. Payment of property taxes shall be the sole responsibility of the Landlord. 9. USE: The Premises shall be used and occupied by Tenant solely for the purpose of outside storage, display and sales of boats, snowmobiles and similar recreation equipment and accessories as an accessory use of the Tenant's primary business operation located at 6781 West Highway 10. Vehicle sales of any type on the Premises shall NOT be permitted. The permitted uses by Tenant shall at all times be in full compliance with all applicable laws, ordinances and governmental regulations affecting Premises. The Premises shall not be used in such manner that, in accordance with any requirement of law or of any public authority, Landlord shall be obligated on account of the purpose or manner of said use to make any addition or alteration to or in the Premises. The Premises shall not be used in any manner which will increase the rates required to be paid for public liability or for fire and extended coverage insurance covering the Premises. Tenant shall occupy the Premises, conduct its business and control its agents, employees, invitees and visitors in such a way as is lawful, and reputable and will not permit or create any nuisance, noise, odor, or otherwise interfere with, annoy or disturb adjacent property owners in their normal business operations. 10. ASSIGNMENT AND SUBLETTING: Tenant agrees to use and occupy the Premises throughout the entire term hereof for the purpose or purposes herein specified and for no other purposes, in the manner and to substantially the extent now intended, and not to assign, sublet, license, concession or otherwise transfer this Lease or Tenant's rights in the Premises, or any part thereof, whether by voluntary act, operation of law, or otherwise, without obtaining the prior written consent of Landlord in each instance. 3