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DURATION OF TERM ~
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The term and duration of this lease shall be for a
period of 99 years commencing the 26thday of Februarv ~ '
1970 and continuin u to and including Februar 26th , ~
~ 8 P
2069, unless this lease be sooner terminated in accordance
with its terms. ~ ~
II.
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RENT ~
The Lessee agrees to pay unto the Lessor as rent
during the term of this lease a monthly rental sum of three
hundred_andno/100 ($300.)Dollars per building that is
constructed and incorporated under the Declaration of "
Condominium of INLET HOUSE CONDOMINIUM APART!~'~NTS, INC. ~
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The developer contemplates constructing three (3) 20- `
unit buildings in the complex now under construction.
The~Lessee shall require payment from the unit or apart-
ment owner an apportioned share of the said rental. The
following amounts shall be the apportioned rental that ~
~ shall be assessed by the Lessee from each condominium unit ;
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~ or apartment as follows: (Assessed as to Building No. 1.) ~
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Condominium Unit or Apartment Monthly Rent Under
Number Long-Term Lease
101 $15 . 00
102 $15.00
103 $15.00
- e~s_nn
lU5 $15.00 ~
106 $15.00 ~
107 $15.00 ~
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~ 109 $15.00
1010 $15.00
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~ 201 $15.00
202 $1 S . 00
203 $15.00
;y 204 $15 . 00
205 $15.00 ~
~ 207 $15.00 ~
~ 208 $15.00 ~
209 $1~.00 ~
~ 2010 $15.00 ~
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TOTAL $ 300.00
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