HomeMy WebLinkAbout1578 3 -
SUBLEASE CONSIDERATION. Sublessee shall pay and does hereby
agree to pay Sublessor at such place as Sub2essor may designate from
time to time, in writing, a lease payment for the use of the premises
as follows: An annual rental of FOUR HUNDRED DOLLARS (s400.00) ' ~
3.1 The first payment to become due at the time of delivery
of the Warranty Deed on the Sublessee's condominium unit.
3.2 The fir~t 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 t~e
provisions of Paragraph 2S of the Lease between LANDMARK VILLAS, INC. `
and VILLA DEL SOL, INC. .
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DUTIES OF SUBLESSOR. The Sublessor agrees to perform all of ;
the duties and obligations to be performed by the Lessee under the s-
provisions of Paragraphs S, 6, 7, 9 and 23 of the lease between LAND??1ARK
VILLAS, INC, and VILLA DEL SOL, INC., and the Sublessee agrees to pay
promptly to the Sublessor on demand a prorata share of all costs and ~
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; expenses incurred by the Sublessor iri fulfilling the above obligations. ~
The share to be based upon the Sublessee's ownership of the common ele- ~
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g ments as set forth in Paragraph 7 of the Declaration of Condominium of -
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~ VILLA DEL SOL, INC.
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~ AMCNDME~TS. Furthermore, Sublessee agrees to add to this Lease
any amendment, revision, supplement, or addition to the Lease between
LA.'vDMARK VILLAS, INC, and VILLA DEL SOL, INC.
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ASSIGNMENT OF SUBLEASE. During the term of the lease beti,~een
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~ LA.'vD.~SARK VILLAS, INC. and VILLA DEL SOL, INC. , and this Suble:~se, tne
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~ Sublessee agrees that any subsequent purchaser of the Sublessee's
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