HomeMy WebLinkAbout1352 3.
SUBLBASB CONSIDSRATION. Subleasee shall pay and does hereby
agree to pay Subleasor at such place as Sublesaor may designate from
time to time, in writing, a lease payment for the uae of the premises
as follows: An annual rental of THRBB HUNDRED and 00/100 DOLIARS
($300.00).
3.1 The first payment to be~ .m~e due at the time of delivery
of the Warranty Deed on the Sublessee's condmainium unit.
- 3.2 The first payment to be prorated to the firet day of July,
1969, and thereafter payments to be due on or before the first day of
July of each year for the balance of the term of the Sublease.
3.3 Rental is subject to the increase in accordance with the ;
provisions of Paragraph 25 of the Lease betweeen IANDMARR VILIAS, INC. and
VIL?A DSL SOL, INC.
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4.
DUTII3S OF SUBLSSSOR. The Sublessor agrees to perform all of
the duties and obligations to be performed by the Lessee under the pro- ;
; visiona of Paragraphs S, 6, 7, 9 and 23 of the lease between IANDMARR f
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! VILIAS, INC. and VILIA DEL SOL, INC., and the Sublesaee agrees to pay F
E . promptly to the Sublessor on demand a prorata share of all costa and !
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' expenses incurred by the Subleseor in fulfilling the above ohliga~ions
~ The ahare to be ba8ed upon the Sublessee's owaerahip of the co~on elemente
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as set forth in Paragraph 7 of the Deciaration of Condominium of VILIA DBL
, SOL, INC. ~
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~ A~S. Furthermore, Sublessee agreea to add to thie I.ease
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~ any amendment, revision, supple~nt, or addition to the I.ease betWeen
: IANDMARK VILIAS, INC. and VILIA DEL SOL, INC.
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~ ASSIGNMENr OF SUBLFASE. During the term of the lease between
'e IANDNARR VILIAS, INC. ann VILIA DEL SOL, INC., and this Sublease, the
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Sublesaee agrees that any subaequent purchaser of the Subleesee's condominium
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~ unit in VILIA Dffi, SOL, INC. shall be required to assuQne thie outetanding ~
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~ sooK182 Pac~1350 _ Z _ ;
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