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Agenda - Council Work Session - 05/27/2025
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Agenda - Council Work Session - 05/27/2025
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5/23/2025 10:36:38 AM
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Meetings
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Agenda
Meeting Type
Council Work Session
Document Date
05/27/2025
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37. Counterparts. This Lease may be executed in multiple counterparts, each of <br />which shall be an original, but all of which together shall constitute a single agreement. <br />38. Security And Damage Deposit. Tenant contemporaneously with the execution <br />of this Lease, has previously deposited with Landlord the sum of Three Thousand Five <br />Hundred Eighty-seven and 00/100 Dollars ($3,587.00), receipt of which is hereby <br />acknowledged by Landlord, which deposit is to be held by Landlord, as a security and <br />damage deposit for the faithful performance by Tenant during the term hereof or any <br />extension hereof. Prior to the time when Tenant shall be entitled to the return of this <br />security deposit, Landlord may commingle such deposit with Landlord's own funds and to <br />use such security deposit for such purpose as Landlord may determine. In the event of the <br />failure of Tenant to keep and perform any of the terms, covenants and conditions of this <br />Lease to be kept and performed by Tenant during the term hereof or any extension hereof, <br />then Landlord, either with or without terminating this Lease may (but shall not be required <br />to) apply such portion of said deposit as may be necessary to compensate or repay Landlord <br />for all losses or damages sustained or to be sustained by Landlord due to such breach on <br />the part of Tenant, including, but not limited to overdue and unpaid rent, any other sum <br />payable by Tenant to Landlord pursuant to the provisions of this Lease, damages or <br />deficiencies in the reletting of the Leased Property, and reasonable attorney's fees incurred <br />by Landlord. Should the entire deposit or any portion thereof, be appropriated and applied <br />by Landlord, in accordance with the provisions of this paragraph, Tenant upon written <br />demand by landlord, shall remit forthwith to Landlord a sufficient amount of cash to restore <br />said security deposit to the original sum deposited, and tenant's failure to do so within five <br />(5) days after receipt of such demand shall constitute a breach of this Lease. Said security <br />deposit shall be returned to Tenant, less any depletion thereof as the result of the provisions <br />of this paragraph, at the termination of this Lease. Tenant shall have no right to anticipate <br />return of said deposit by withholding any amount required to be paid pursuant to the <br />provision of this Lease or otherwise. <br />Lease Agreement <br />Page 9 of 11 <br />
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