HomeMy WebLinkAbout2071 7. Taxes.
a. GenerallY. The Lessee covenants and agrees to pay ta the
Lessor all real estate taxes, assessmenfis and other governmental
levies and charges, general and special, ordinary and extra-
ordinary, foreseen and unforeseen, of whatever kind and nature,
all of which are hereinafter called "taxes and assessments", which ~
are assessed, levied, confirmed, imposed or charged against the
Demised Premises for the year 1973 and suUsequent years during the
terms of this Lease. Payment of all such taxes and assessments
shall be made by 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 of any such tax or
~ assessment, to the Lessor in installments no less than thirty (30)
~ days before the same shall respectively become due and, pravided,
-further, that as to any tax or assessment applying to a fiscal
nwriod of the taxins~ authority wherein part of the period is
~ -
included within the term of this Lease ana a par2 oi ti~e ~ax oi'
assessment is for a period of time after termination of this Lease,
the said tax or assessment shall be prorated and adjusted between
the Lessor and Lessee as of the date of te~nination of this Lease.
b. Nothing in this Article shall 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 during the teMn of this Lease impose a tax or excise
on rents, and shall levy or assess the same against the Lessor as
a substitution in whole or i.n 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 within
the tenn t'Taxes and assessments" , and the Lessee shall pay and
discharge such tax or excise on rent. Any obligation in the nature
f ~ of a"sales tax" or T'use tax" that shall become due or payable
by reason of the rentals payable by the Lessee under the te~ns
i and provisions hereof shall be the obligation of and shall be
! paid by the Lessee.
~
> c. The Lessee shall have the right to contest the amount or
~ validity of any tax or assessment and nothing herein shall imply any
right on the part of the lessee to defer or postpone such payment
~ for any such purpose unless such proceedings shall operate to
R prevent or stay the collection of the tax or assessment so con-
~ tested and the Lessee shall have deposited with the Lessor the
~ amount so contested and unpaid, together with all interest and
~
~ penalties in connection therewith and all charges tl~at may or
might be assessed against or become a charge or lien 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 which
~ may result from such contest. Upon texmination of such proceedings,
~ the Lessor shall pay the amount of any such tax or assessment
~ or any part thereof as shall be finally deteMnined by such pro-
~s:
ceedings to be due and payable, together with.any costs, ees,
- interest, penalties or liabilities in connection therewith, from
a the monies deposited by the Lessee, as aforesaid, and shall
return any remaining sums to the Lessee without interest. If at
any time during the course of such contest proceedi.ngs it shall
appear to the Lessor that the amount deposited by the Lessee is
3 or may be insufficient to pay in full the amount of the tax and
assessment, together with all interest, penalties and other
charges which may be incurred by reason of the contest proceedings,
or if at the termination of such proceedi.ngs it shall or may
appear that the amount deposited by the Lessee is insufficient
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