HomeMy WebLinkAbout1567 7. Taxes.
a. Generall . The Les~ee covenants and agrees to pay to
the Lessor a real estate taxes, assessme~ts and other qovern-
mental levies and charges, ge~eral and special. ordinary and
extraordinary, fozeseen and unforeseen, of whatever kind and .
nature, all of which are here3nafter called "taxes and assess-
ments", which are assessed, levied, confirmed, imposed or
charged against the Demised Premises for the year 1973 and
subsequent years during the terms of this Lease. Payment of
all such taxes and assessments shall be made bv the Lessee to
the Lessor within fifteen days of written demand therefore,
provided, however, if any such tax or assessment is payable or
may be paid at the option, pay the same together with any
accrued interest on the unpaid balance o£ any such tax or assess-
ment, to th~ Lessor in installments no less than thirty (30)
days before the same shall respeciive~y become c~ue and, provide,
further, that as to any tax or assessmer~t applying to a fiscal
period of the taxing authority wherein part of the period is
included within the term of this Lease and a part of the tax
or asses~ment is for a period of time after terminatiPn of this
Lease, the said tax or assessment shall be probated and adjusted
between the Less~r and Lessee as of ihe date of termination of
this Lease.
b. rlothing in this Article shal? obligate the Lease to
. pay the income, inheritance, estate or succession tax, or any
other tax which may be levied or assessed against the Lessor
with respect to or because of the income derived from this Lease,
excepting that in the event the State of Florida, or any political
subdivision thereof, shall durina the term of -ihis Lease impose
a tax or excise on rents, and shall levy or assess the same
against the Lessor as a substitution in whol_e or in part for taxes
assessed or imposed by such State or political subdivision thereof
on land and buildings and/or personalty, the same shall be
deemed to be included with3n the term "taxes and assessments',
and the Lessee shall pay and discharge such tax or excise on
rent. Any obligation in the nature of a"sales tax" or "use
tax" that shall become due or payable by reason of the rentals
payable by the Lessee.under the terms and provisions hereof shall
~ be the obligation of and shall be paid by the Lessee.
c. The Lessee shail have the right to contest the amount
ut ~a~~u~.ty o~ ar.y tax or assessment and nathing herein sha12
imply any -right on the part of the lessee to defer or postpone
such payment for any such pvrpose unless such proceedings shall
operate to prevent or stay the collection oi~ the tax or assess-
~ ment sa contested and the Lessee shall have deposited with tne
! i.essor the amount so contested and unpaid, together with all
i in±erest and penalties ir~ connection therewith and all charges
~ that may or might be assessed against or become a charge or lien
4 on the Demised Premises, or any part thereof, by reason of such
~ contest or by reason of the delay in the'payment of the tax
~ assessment w}~iich may result from such contest. Upo~ termination
! of such roceedin s, the Lessor shall
; tax or assessmentgor any part thereof asYshallabeufinailyndeterh
; mined by such proceedings to be due and payable, together with
any costs, fees, interest, pe~alties or liabilities in
` connection ~herewith, from the monies deposited by the Lessee,
I as aforesaid, and shall return any remaining sums to the Lessee
' without interest. If at any time during the course of such
contest proceedings it shall appear to the Lessor that the amount
deposited by the Lessee is or may be insufficient to pay in full
the amount of the tax and assessment, together with all interest,
' penalties and ather charges which may be incurred by reason of the
contest proceedings, or if at the terrrti.nation of such proceedi.ngs
it shall or may appear that the amount de~osited by the Lessee is
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