HomeMy WebLinkAbout1534 i~ecreatiar,, leisure tii,~ acLivity, hea.ltll, use, ben~fit Rn:~ en,jc~~~~r.~~r,:
of' the ap~rtrr~nt utiit o~•~r,ers and/or tlie u~.~ar~~r.~nt unit; occunants of ;;li~~
Condon:inium as they r.;?y fror~ tir~e to time exist durina the terr,i of
th~i ~ Le~~.e. Use of tY:e Demisec~ Prer.~i~es by tl~e I.~ssee shal]. be 1:on--
r.xclusiv~ , it bein~ }iereby aclcno~rle3~cd aiid a~reed that the i~e~sor
has heratofore or shall hereaftier enter into.similar non-er.clus9_v~
ninety-nine year leases ti•iii;h other con3ominium associations for:r:~d ; ~
fbr the purpose of adr~inistracin~ the affairs of other condominitnr.~
at the Colonnaaes Condominiums Com~lex. The Lessor further reserves
the ri~;ht to lease or contr•act for tl~e use of the Demised Premises
by other groups or p~rsons, for the puri:ose of' enabling the cost of
maintenance and operation L-}iereof i;o be opportuned amongs~ a larger i
number of persons, provided, hor:ever, that at such time as all of th° '
condominiums to be located in the Colonnades Condominium Gor,~p~~x
sha11 have been completed, all agreements or leases for the use oi'
the Demised Premises by anyone other ~han such association or the
residents and occupants of the said Colonnades Condominiur~s, shall
terminate. It is recoonized and aclcno~~;ledF;ed that the Lessor un3er
the terr.zs of this Lease may be one or more of the oi'ficers and dii~ec-
tors cons~itutin~ the ori~inal Poard of Directors and Officers of the
Lessee, and tl~at all of the per•sons COtiSt~.tUt?IlU the ori~inal Board of
Directors arnl Officers of' the Lessee an:~i persons who rrk~y be sub~ect to ;
tiie control or 3.ni'luence of the Lessor. Each 2par~~rr~nt ot,rner, for hin~- ~
self, his heirs, successors and assigns ~raives all ob~ection to such ~
i circumstance ar~1 ratifies and agrees to be bound by the terms and pro-- ~
; v:Lsions of thi~ Lease to th~ same extent as if he had ~oin~d in the eY- #
~ ecut~on hereof for a11 purposes h~rein expresse3, as well as for the ~
~ pur•pose oi : ) sub~ectin~ all of his r3~1~?t, title ar,d interc:st in ~
~ his condominium apar~rr~nt and to Lhe corsr~n elemeni:s anpurtenant there- _
~ to to the lien r•i~hts gran;;ed the Lessar under the provisions her~of;
~ (b) a~reein~ to perform each and every of the covenants, promises and
~ undert;alcin~;s t;o Ue performed by cor.~?e~:iniiim a~l~rtrr:~nt ur.it oi~n°rs ~~r}:er••
s ever so provided in this Lease; anci (c ) ratif
y~in~, confir;nit~ an3 ~p--
proving eacli and every pro~?ision l~erein ccntair~ed, atid acl;n~i•rled~~ii~
= tl~at all of tl~e term.:~ and pro~~isions her~of, 3nclud3.r~; th2 rental re--
~ served, are reasonabl~.
~
~ a. The L~,ssee shall constiLui;e th~ irrevocable a~ent
~ in f~.ct, tYith full poc•r: r oi' substitut:Ioii, of eaeh and every
~ acL- art3 thlno require~3 of 2~~arti~°rli; unit oirners pursua~it to
~ the pravisions of this Lease, and to consent to an~ e:~ecute
any and al]. docu;rr~nts, w}iere nece; sary, to effec~uat~~ any :
y~° ancl all of th~ provisions of this I,ease. In th~ event an;~ _
~ of t;he provi~ions of this I~ase shall be in conf]_lct {~Jj.t~l
an,y of thc provisions oi the Decl~ra~ion of Condominit~~ri, tY:e
p?~ovi~ions of t~is I,ea:e sh~ 11 contro2, ehcept i~:ith t;.:e ex--
pr~ss writLen cor~sent; of t~:e Lessor to the ce:~trary.
b. `I'he rEntal herein provided f'or to be pa~ci, ~lle co~t
- of rcpa~r3r.; anc'~ rr~aint~ining i;he Der~isec~ Pre~nises in ~~od
conc3itioi~ ~n~1 i~epa.ir, and oi' repl.acir~~ portions thereof, as
~ nece~sarv, and ott~er un~iertakir~~s and obl~gatians hei~i 11 p~~o-
= vided for, shal~l con:>~itut.e a cor^~~~~n e~:pense of the Condo~n~n- _
- ium.
.
c. r=~ch COI)~01?l~IliltlTl anar~ir:=,~t uni.t ot•:ner sh~ 11 l;a~~e the =
= ri. h~ to t:.sc, occupy ar.d en~~y th: nernl~ed Pre13~iCes thr. uu~h
the T.~~s~=c, siib~i^c`.. to a?.Z of t}ie p-rovi:;ions or t?:i~ L-~~ ~e,
= thc: I?~eJ.~ ~•~_:t:~_cr~ os' Cor~~o.~~n~utr:, ~i~e Certi_fieat.^ oi' Incorp~i•::~ ~
tl_o;~ ~.r,a i:.}~~ Ptj- Z_~~,~ oa tl~e L~,~sec.~, arfi :.uch rtiles al~~-:i r•e~;.t--
lat.ions j-;~~s c;, t~~~? Le:;~ce n~~.S~ fror.i t.ii~=: to t,icr.~ aciopL.
- d. tT;c ef t.h~= I~.~~:isec~ }'re,:.3.se~: st;-..]_1 t~ sul~ject to ~~_J.J.
- la~~:~., ;i.~ztut;:=~, oi~uir~:licE: , rul~s ~tr.~~ rr~~ul_at.ir;~:,~ o~ ap~p.~a• j
pi~i~~Le ~~~;,~,~C::'i^i~::.l~1~.=1 aut~~~rit~en, ~r::l to ti.~:: r•ules an~ reL u--
- lat;ion:~ af tl:c i'~:t.i.on .l Yo ~?°d oi' ',•`j re ?);,~1.E=.•;:?^~i.Lr3~ or in t'~~ -
et~c;ni: i_t ~~~:-~I?, t.err~:?n~;t~ it;s pre~~ai~ f'u?,~t,ior~~, th~n of ~~n~•
_ O\,~i: ~:'.^,C1~- C'XC!i'C1~11i.^'; l~:j.~ f'11i1~ t•j C):15 . itl~ 12:~f.-' Gi 1,~::'- 1'':' •
r;i_~;~,,~ Pr•c:,~~:',.::~ ri,31J_ fui°t}:~r cai::_~7.- t:j ~h ~~c~ui.r~.,::sn~~: of ~.1
ir:r>>~rc~?•:~ r:?2.i~;-i i_21:;ur•,~rtce ii~ foi c4 t;it.~~ rc.;~~^c~, t.c~ 1):~ •
:
I~ti :;~.t, ~'i'~~:,i-~ .
_ ~001( 1 !'~CE~~1J~i
•
_ ! . .~t~. 1,'t' ('1~ ' ii':i f i ~ ~H. ' . ~ : f' . ~ `i . . ~i ~ . . , i r r. . .
. . 7G . _ 1 ~ i t' :'i:.i . i:. L•.