HomeMy WebLinkAbout0843 LassE•~.~ st~;~il bc~ nan-Exclusiv~ , i t l~~~ii~c~ t?c~r~:~y ~cknowl~dyed .~~d agreed
that the LC.~JJOI t?:~s h~~r~tc~ioi~c~ c,i~ .~i~.~ll her~after enter into similar
non-exclusiv~~ nin~,ty-nin~ y~.~r 1~.~~~.•s t~viCh other condominium associa-
tions formed for th~~ E;urpo:.~ ot' ~+cau~inistrating the affairs of other
condominiums at the Colonn~~~ic~s i;c~ndc~ininium~ complex. The Lessor further
reserv~~s the riglit to leas~ or contr~ct tur the use of the Demised
Premises by otiler groups or p~~rsor~s~ tor the purpose of enabling the
cost of mainten~ncc~ <,n.! or~~~r~Cion ther~of to be opportuned am~~ngst a
largNr nun?ber oi F~~rSUns~ pruvici~~i~ how~vc:r, tt~at at such time as all
of the condomini~n?s to bcr l~catt~d in Lhe Colannades Condominium ~
Complex sh~ll hav~~ b~c~n con~Ftil~~t~.d, ~11 .~~rec~mE~nts or leases for the
use of the Uemisec~ l~rrmis~s by ~nyon~ oth~r than such association or
the resid~.~nts ~nd occup~nts.of .th~ said Colonnades Condominiums, shall
terminate. It is r~.~c~gniz~,d anc~ acknowl~~dged that the Lessor under
the terrns of this L~,:,sc~ may be on.~ ~r more o~ the officers and
airectors constituting th~~ origin~~ E+oard or Directors and Officers
of the Lessee~ and th.~t ~~11 ot th~ ~ersons constituting the original
Board of ~Jirectors ~?nil Of~t~ic~~rs of th~ Lessee and persons who may be
subj~ct to the con*rol or influenc~ ot thc.~ Lessor. Each apartment
ownc~r, for himself ~ his hcirs, sur.c~~sors anci _assigns waives all
objection to such circumst.~nct- a„a r,~tirie~ and agrees to be bound by
the terms an~ provisions of this Lra;:e to tl-?e same extent as if he had ~
joined in the ex~cution hereaf far ~11 purposes herein expressed, as
w~ll as for thc: purE~os~ o£: (a) subjectiny all of his right, title
' and interest in hi~ condominiurn ,~p~rtment and to the corrunon elements
aqpurtenant th`r~to to th~ lien ri9hts yranted the Lessor under the
provisions h~.~r~:~t ; (b) ac~r~einy to ~ertorm each and every of the
covenants, ~~romises ,~nd, und~rt~~kinq~ ta be performed by condominium
apartment o;nnit~rs wh~r~v,~r so provided in this Lease; and' (c) ratifying, '
confirming and ~r.proving t~ch ~~nc: ev~:ry provision herein contained, and
acknowled.3ing tf~~tt all of th~ terms a~1d provisions hereof~ including
the rental res~rv~~a, .?r~ r~~:~soi,.~ble.
a. "Ih~ Lfsss~~e shall cunstitute the irrevocable agent in
; f~ct, wit~i full ~~uwcr of substitution, of each and every act -
` and thing r~cauired or eN.~rtzuc-nt unit owners pursuant to the ~
~ provisions of ttiis L~:~,sc~. ,~nd to consent to and execute any and
~ .~11 docurn~nt~,, f~hc•re n~ce:,ss.~ry, to effectuate any and all of the
f ~rcvisions oi ~t?is Lease. ln the ev~~nt any of the provisions
~ ot this Laasc~ st~all b~r in conflict with any ~of the provisions of °
i tlie J~cl~ration of Condomini~m, the provisions of this Lease ;
~ ~hall cuntru~_, ~xcept with the express written consent of~the _
, Lrs~or *o the contr~ry. _
~ ~
~ b. Th~- r~~ntal hc~rein pr~vided f~r to be paid, the cost =
~ c~t rt~F,~~iriny n~,~ir?L~ininy t}~c~ li~rnised Premises in good '
- c~ncii~i~~n ~r~:~ r~~j,~ir, ~~r?d ~~t r~~~laciny pc.rtions thereof, as ~
~ n~cc~s~~,ry, ar~~i ~~th~~r un~j~rt,~kinys and ublic~ations herein -
~ ~,r~~vicl~~ci i ol~, sh~~ll cr.nstit~~t~- CU!(ifT~Gfl c:xpense of the
~ Condominiurn.
~ .
~ c. f~~ct? con~i:,rniniwr~ ~~~.~rtr:~~~nt unit ovmer shall have th~
~ riyt~t to ~~s~ ~ occu~,y ~nci ~~nic,y th~: Dernised I'remises through -
tt~E L~:sse~, suh~~~ct to a? 1~,f tt~:~ provisions of this Lease,
~ th~ ~c:cl.~r~tion c,f c::ondominiurr~, the Certificate of Incorporation
~ and the 3y-L~~vvS or th~; ~ E~ JJ~~U, and such rules and regulartions--
- which the L~ 5 sc. ~ rnay i rom ti,n~ to time adopt. -
~ d. Us~ of thi~ Dernised F~r~.~mises shall be subject to all
` ~ lav:s, statut~~, ordin~nces, rules and regulations of appro-
= privr.t~ govcrnr!~F~nt~?1 auLhc,rities, and to the rules and regulations
af thc~ '~:atiun~~ fso~rd uf :'1L~~ U(1C~E'TbYTlt@TS~ or in the event it
shall terrnina te i ts present func tions, then of any other body
exercisin~~ ~irnil::r fun~tion~. ~+11 use of the Demised Premises
_ s!~?~! urtt~~r c~~:~~r.ly :~:i ~t~ r~•y~~ircinents of ~,11 insurers carrying .
insuranc~~ in ~orc~ ~.vith rest,}~~c~ to the Gemised Premises.
F~
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BooK 223 843
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