HomeMy WebLinkAbout1717 mei~t ancl increase of th~ br~sic rental as af any subsequent and ~
future computation date.
5. Night,s Reserved Unto DevPlo~er. Unti~ the Developer shall :
hav~ comp e e eve opmen ,
pro~3on and sales of all apar~ments ;
and shops to be constru~ted at the Condominium, it shall have the fol- ;
lowing righi:s with regard to the ~end sed Prem~. se s, notwiths tari3 i ng ar;y ;
other pro~~i~ions of this I~ease to th~ contrary: _
a. The right to use and occup~r exclusively any portion o~
the Dem3sed Premises desigaated as officea" in the afoi•er~ferred :
to plans of the Demised Premi~es.
b. The right to use, occupy an3 3err,~nstrste, on a non-ex- ;
clusire basis, all of the Demised Premj~es ~'or thp purpose of !
~ promoting and aidir~g in the sale or r~nta? of
the rondomi nium
units on or to be constructed in the condominium apartmer.t build- ~
ing. Such rights shall not bE exercised in an unreasonab~e man-
ner rn~t c~nsistent with the righta oi the meml~ers or the Lessee
to use, oacupy and en3oy such portiot•s of the Demised °rendses.
c. No ~hing herein contained ehall serve i.~ an,y way to re-
duce I~es see ~ s obl.igations for the payment of rent, taxe s, repair
and maintenance cf the Demised Premises.
d. The Developer sr.all have the further right to disp].P y
and erect signs, bi2lbos~cls and placards, and t~ Atore, Y.eep, ex-
hit~it and dtstribute written, a~~dio ar,d visual promotiontsl raate- ~
rials in anci about the ~emised Premises. ~
e. No act of -the Dev~loper exercised ~r performed pursuant ~
to the rights reserved to it under thE: provisions of t:~i3 ~lrticle
shall be construed or deemed as a breach of the Lessor's covenants
hereun~.ar or as an ac~ual, i~npl~ed or constructive failure of thE
Lesaor to deliver posse~sion of the Demised Premises to the Les-
see, or as an actual, impli~d or constructive eviction ~f the Lea-
see from the Demised Prea~ises, or as an eacuse or ~ustification
for the Lessee~s failure to promptly, t'ully, comple~elr~ arid con-
tinuously perform its covenants and obligations hereun3er.
6. Rights Reserved to Lessor. ~
a. Non-exclusivity. The Lesse~ specilY cally acknowledges ~
that this s a non-exc usive Lease, and that the I,egso: z eserves }
the rig~t to lease the Demised P.remises to other persc;~s, natural
or artifidal, upon such rentals, terms, and for avch per~t~id as
the Lessor may determine upon, without the consent ur ~.~pl'Oi/8I of
the Lessee, provided only that any such additional Les~ee shall
be required to pay equitable contribution towarda tre co~t oP roain-
taining the Demised Premises, as well as tor~ards alI ~f the obli-
gations herein imposed upon the lessAe, such as real estate
. taxes, insurance and the like, provided, how~ver, the exis-
tence of any such additional Lessee ur Lesseeg syaZl not in
any wis~ serve to diminish or reduce the Lessee~s obligation
for the payment of rent aa herein contained.
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b. Easements. The Lessor specifically reservcs ur~to it- i
self arxl o a o those claiming by, through and under i.t, ar. ~
easement for pedestrian traffic over, througn and across side~ i
rvalks~, paths, walks, halls, lo~obiFS, elevators, and other pc?r- `
tions of the Demised Premises as may be from time to time in- '
tenden ai~d is designRted for such purpose anci use; and for
vehicui~r and pedestrian ti~af.Pic over, through and across such
p~rtions oi' the Demised Prnmises aa m3y f~•om time to time be
paved and intended for suc;~ purpor,e an3 use. An ea~e~nents is
furthFr ~~ereby created in perpetu~~~, in favor of COiANNADES
COND0~IINIUN;3, ita auccessors and assi gr.~, for park-
ly5 ~ i 7'15
.
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