HomeMy WebLinkAbout1105 3,
SUBLEASE CONSIDERATION. Sublessee shall pay and does hereby
agree to pay Sublessor at such place as Sublessor may designate from
time to time, in writing, a lease payment for the use of the premises
as follows: An annual rental of THREE HUNDRED and 00/100 DOLI.ARS
($300,00), -
3.1 The first payment to become due at the time of delivery
of the tiVarranty Deed on the Sublessee's condominium unit,
3.2 The first payment to be prorated to the first day of July,
1969, and thereafter payments to be due on or before the first day of
July of each year for the balance of the term of the Sublease.
3.3 Rental is subject to the increase in accordance with the
provisions of Paragraph 25 of the Lease between LANDMARK ~~ILLAS, INC. and
VILLA DEL SOL, INC.
4.
DUTIES OF SUBLESSOR. The Sublessor agrees to perform all of
the duties and obligations to be performed by the Lessee under the pro-
i
; visions of Paragraphs S, 6, 7, 9 and 23 of the lease between LANDbtARK
VILLAS, IyC. and VILLA DEL SOL, INC., and the Sublessee agrees to pay
~ promgtly to the Sublessor on demand a prorata share of all costs and
~
° expenses incurred by the Sublessor in fulfilling the above obligations.
~ The share to be based upon the Sublessee's ownership of the common
elements as set forth in Paragraph 7 of the Declaration of Condominium
of VILL~ DEL SOL, IvC.
S.
~ aMENDr1ENTS. Furthermore, Sublessee agrees to add to this Lease
.
~ any amendment, revision, supplement, or addition to the Lease bet~,ieen .
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~ LAtiD~1ARK VILLAS, IvC. and VILLA DEL SOL, INC.
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