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HomeMy WebLinkAbout2888 ~ recreation, leisure time activity, health, use, benefit and en~oyment of the apartment unit owners and/or the apartment unit occupanta oP tihs Condominium as they may from time to time exiat during the terrr of this Lease. Use~~of the Demised Premises by the Lessee shall be Not~ F~cclusive, it being hereby acknowledged and agreed that the Lessor ~ ~ has heretofore or ahall hereaPter enter into aimilar non-exclusive ' ninety-nine year leases with other cor~dominiura associationa formed for the purposo of administrating the affaira of other condominiums at the Colonnades Condominiums Complex. The Lessor further reserves ~ the right to lease or contract for the use of the Demised Premises by other groups or persons, for the purpose of enabling the cost oP 'maintenance and operati-on thereof to be opportuned amongst a larger number of persons, provided, however, that at euch time as all oP ths . condominiums to be located in the Colonnades Condominium Complex shall have been completed, all agreements or leases for the use of the Demised Premiaes by- anyone_ other_ than_ such__association or _the_ ~ residents and occupants of the said Colonnadea Condominiums, ahall ~ terminate. It le recognized and aclmowledged that the Lessor under the terms of thie Lease may be one or more of the officers and direc- . tors constituting the original Boa~d of Directora and Officera of the Lessee, and that all of the persons conatituting the original Board of Directors and OfPicers of the Lessee and persons who may be s~b~ect to . the control or inCluence o~ the I,essor, Each apartment owner, fo~ Y~im- " self, his heirs, successors and assigna waivea all ob~ection to such ~ circumstance and ratifies and agrees to be bound by the terms and pro- ~ visions of this Lease to the same extent as if.he had ~oined in the ea- ecution hereof for all purposea herein expressed, as well as for the purpose of: (a) subJecting all of his right, title and interest in his condominium apartment and to the common elements appurtenant there- to to the lien rights granted the Lessor ur~der the provisions hereof; ~ (b) agreeing to perform each and every of the covenants, pramises and undertakings to be perPormed by condominium apartment unit owners whe r- ever so provided in this Lease; and (c} ratilying, confirming and ap- ; proving each and Qvery provision herein contained, and acknowledgirag ~ that all of the tercr~ and provisiona hereoP, including the rental re- ~ aerved, are reasonable. ~ - a. The Lessee shall constitute the irrevocable agent : ~ in ~act, with full power of substitution, of each and every • ' ~ act and thing required of apartment unit owners pur~•.::nt to ~ the provisions of this Lease, and to-eonsent to and execute- ~ , any and all documents, where necessary, to effectuate any ~ - and all of the provisions of this Lease. In the event ar~y r ~ of the provisions oP this Lease shall be in conflict with . ~ , any of the provisiona oP the Declaration of Condominium, the ~ ~ provisions oP this Lease shall control, except with the ex- ~ . press written consent of the Leasor to the contrary. ° . ~3 . ~ b. The rental herein provided for to be paid, the cost oP repairing and maintaining the Demised Premises in good - ~ condition and repair, and oP replacing portions thereof, as ~ - necessary, arxl other undertakings and obligations herein pro- ~ . vided for, shall constitute a corm~on expenae af the Condomin- ~ ~ ium. ~ , ~s , = c. Each condominium apartment unit owner shall have the ~ . right to use, occupy and en~oy the Demised Pre~ses through - ~ the Lessee, suh~ect to all of the provisions of this Lease, the Declaration of Condominium, the Certificate of Incorpora- ~LL; tion and the By-I,aws of the Lessee, and such rules and regu- ' lations which the Lessee may from time to time adopt. . d. Use of the Demised Premises shall be sub3ect to all _ . laws, statutes, ordinances, rules and regulatior~s of appr*o- _ ~ priate governmental authorities, and to the rules and regu- _ lations of the Natior~al Board of Fire Underwriters, or in the ::~~3 ~ , event it 8ba11 terminate its present !'unations, then oP ar~r other body exeraiair~g similar t~unctiona. All use of the De- . ;5 " • ' . - ~ . gaox 198 PAGEzB$5 - -2- LAW ttll?CEG Of GOLOGTEI!1, iR~NK61N. CiiONIN • iCHRAHK. RA.. 2020 NORTNtAiT ~~swp iS11[[T. N011TM MIAMI Y[AGH, F~OFIi~!~ s3~~? _ . _ . '