HomeMy WebLinkAbout0842 3
SUHLEASE CONSIDERATION. Sublessee shall pay and does h~reby
agree to pay Sublessor at such place as Sublessor may designate from
time to Lime, iri writing, a lease payment for the use of the premises
as follows: An annual rental of FOUR HUNDRED DOLLARS (s400.00)
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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 first payment to be prorated to the first day of
July, 1969, and ~hereafter payments to be due on or before the first
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day of July of each year for the balance of the term of the Sublease.
3.3 Rental is subject to the increase in accoYdance with the
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 o~f
the duties and obligations to be performed by the Lessee under the
' provisicns of Paragraphs S, 6, 7, 9 and 23 of the lease between LANDMARK
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i ~ VILLAS, INC. and VILLA DEL SOL, INC.~ and the Sublessee agrees to pay
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! promptly to the Sublessor op demand ~ 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 ele- _
ments as set forth in Paragraph 7 of the Declaration of Condominium of
~ VILLA DEL SOL, INC. • . ~
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AMENDMENTS.. Furthermore, Sublessee agrees to add to this Lease
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any amendment, revision, supplement, or addition to the Lease between
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~ LANDMA$IC VILLAS, INC. and VILLA DEL SOL, INC. '
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~ ASSIGNMENT OF SUBLEASE. During the term of the lease between
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~ LANDMARK VILLAS, INC. and VILLA DEL SOL, INC.~ and this Sublease, the ~
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~ Sublessoe a~rees that any subsequent purchaser of the Sublessea's
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