HomeMy WebLinkAbout1961 herein ar.d all other lessees of t:~e Fecraation Center shall
aLto.;,a~ically be menbers of the As;;oc~::zior. upon execution or a
Ieuse of tr.e Recreation Centar anci s:,a~l be oa~igated to oay
assessments imposed by tha Associatio:, ~or the purpose o~ pay~:.~ t:e
co:r..-r.on expenses of the Recreation Car.ter ar.d t:ze expenses o~ c~~ru
iag t~:e Association. The Lessae her~in ar.c all other lessees o: ~ze
Recreation Center shall aZsc pay ~o t~.e tisso~ia~ion, as co2~ecz~c::
a5er.t for the Lessor, the rent puya:,la ~o the Lessor ur.der t'r,is I.~~se
or other leases of ~~e Recreatio:. Ce :::er, a:d the Associatio:. s:.a~~
~.':e: pay to the i,essor the re. t co~.~ec:.ed, unless t:e Lessor c iv`s ~
c,r~i~ten notice to t,'~e Lessze :.a-rein G~:a all other lessees oz
Fecreation Center to pay :~•e lease re~.t directly to tne Lessor.
6 . R~.NT .
6.1. ' A:;~ur_t of ~zrt. ~::e ~essee ag~ees to na~~ tc
t; e Lessor during the term of t..'~is iease ~.~-.e sum of r ive Ht~nGrec
cigc.~y-Eight ($588.00) Dollars per :;~o:.~.:. as the net mont,':ly re:.~
w::ic : snall be due and payable in actvar.ce on the ;:irst day o~ eac:
a.3 every rionth during the ter~:~ o~ :.`~is lease. The rer.t s:.a1~ b~
prora~ec for the first nont.'~ o~ tr~is lease ~rom the ctate o~ ti:e ~
;
~ co
~;~ence:aent of t'~e te o~ tr is ~ease to the first day of t::a ;
I
~ foZ~owing month based on said :.o:,::.ly r~ntal, and shall be payabie
~
~ on t:ze nate of the cor,r,~ence.:.e::t t::e, te~r:~ of t~is lease .
~ 6.2. Incrzase o~ ~e. ~::;..sed Upor. Ir.crease in Ccst
of ~,ivir:g Incex. The .Lessee agrees to pay to t:e Lessor incrt~~es
ir. t:e :r.onthly rent to be de;.e~ ninec as ~o~~ows:
(a) The a::our.t of ~:.e ne~ :r.onthly rer.t s:.a~~
~ adjusted on tY•.e first day of Jar.~ary, ~974, and on the first aay o~
~ January of each third calencar year ti-~erea~ter du~ing tne ter:1 0~ `:.~s
~
~
~ lease provided that it~~would result in an increase of the ~+=t ,:.o:.~:.:.:T
~ .
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~ rent. ~
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