HomeMy WebLinkAbout0147 ~
~
. • ~
3 _
.
SUBLEASS CONSIDERATION. Sublessee shall pay and does hereby
agree to pay Sublessor at such place as Sublessor may designate from
time to time, in writing, a lease payment for the use of the premises
as follows: An annual rental of THREB HUNDRBD and 00/100 DOLIARS
($300.00). ~
~
,
3.1 The first payment to become due at the time of deliv~ery
of the Warranty Deed on the Sublessee's condominium unit.
3.2 The first payment to be prorated to the fir.st day of July,
1970, and thereafter payments to be due on or before the first da~r 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
t
~
provisions of Paragraph 25 of the Lease betweeen IANDMARK VILIAS, INC. and
VILIA DEL SOL, INC.
4. ~
DUTIES OF SUBLESSOR. The Sublessor agrees to perform all of
the duties and obligations to be performed by the Lessee under the pro-
visions of Paragraphs 5, 6, 7, 9 and 23 of the lease between IANDMARK
~ VILIAS, INC. and VILIA DEL SOL, INC., and the Sublessee agrees to pay
I
promptly to the Sublessor on demand a prorata share of all costs and ;
;
- - - - - - _
_ -
- -
expenses incurred by the Sublessor in fulfilling the above ohligations i
i
The share to be based upon the Sublessee's ownership of the coffinon elements ~
~
as set forth in Paragraph 7 of the Declaration of Condominium of VILLA DEL ~
I
s
SOL, INC. ~
s
5 ~ ~
. ~
A~N~iENPS. Furthermore, Sublessee agrees to add to this Lease
any amendment, revision, supplement, or addition to the Lease between
~ ~
.IANDMARK VILIAS, INC. and VILIA DEL SOL, INC.
t
6.
ASSIGNMEIJP OF SUBLEASE. During the term of the lease between
IANDMARK VILIAS, INC. and VILIA DEL SOL, INC., and this Sublease, the
Sublessee agrees that any subsequent purchaser of the Sublessee's condominium
unit in VILIA DEL SOL, INC. shall be required to assume this outstanding
ao~cl$4 ~ i
- 2 _ _ _ I
- ~ -
_ : - ` - _