HomeMy WebLinkAbout2073 Due to the size and extent and the complexities involved in
administering the COGONNADES CONDOMINIUM COMPLEX, it is mutually agreed
that in the event aforesaid Management Agreement is terminated, the
Lessee shall cause to be fonned a Management Association consisting of
the members of all the Condominium Associations at Colonnades Condominium
Complex.
The owner of each condominium unit, as evidenced by the recordation
of a deed thereto, shall automatically become a member of the Management
Association; in the event that the aforesaid Management Agreement is
terminated in any manner. Each condominium unit shall be entitled to
cast one (1) vote in matter upon which a vote is required. The affirma-
~ tive vote of a majority of the members constituting a quorum shall be
necessary to conduct the business of the Management Association.
It is recognized that the sole purpose of the Management Association
shall be to perfo~n the terms and provisions of this Non-Exclusive
Ninetv-Nine Year Lease in lieu of the Manager and that the Lessee shall
continue to be entitled to possessory and use interest herein and make
all payments required by this Agreement and be bound by its te~ns and
provisions.
10. Repairs and Maintenance. Lessee shall at all times during the
terms of this Lease, at its own expense, make all necessary repairs~and
replacements to the Demised Premises and maintain the same in good con-
dition. This covenant shall include the obligation upon the part of
the Lessee to replace or renew when necessary any item of furniture,
fixtures, machinery and equipment and all such replacements and renewals
shall be at least equal in quality and class to the original equipment,
furnishings, machinery or fixtures. Air conditioning, pool and other
such equipment and machiner~~ shall be regularly serviced and maintained under
appropriate service contracts. Lessee shall keep and maintain all por-
tions of the Demised Premises in clean and orderly condition, free of
accumulation of dirt and rubbish and pest infestation. All buildings,
structures and improve~nent, furniture, furnishings, fixtures, machinery
~ and equipment now or hereafter replaced or bought, or intended for use
~ upon the Demised premises shall be a part thereof and thereby the
; property of the Lessor, without payment therefore by the Lessor, and
; shall be surrendered to the Lessor upon the expiration or earlier
~ termination of this Lease without cost or charge to the Lessor. ~
; 11. Mechanicst Liens. All persons are hereby~ placed on notice
~ that the; Lessee shall never, under any circumstances, have the power
f to subject the interest of the Lessor in the Demised Premises to any
' mechanics' or materialmen's lien or liens of any kind, in the absence
s of a specific provision to the contrary herein contained authorizing
; in specific terms the creation of such lien or liens. All persons who
~ may hereafter, during the term of this Lease, furnish work, labor,
~ services or material to ~he premises upon the request or or3er of the
~ Lessee, or any person claiming under, by or through the Lessee, shall
~ and must loek only to the interest of the Lessee in connection with
~ payment therefore, and not to the interest of the Lessor. If any
~ mechanics' liens are filed or asserted against the Lessor's interest in
# the Demised Premises, the Lessee shall, within thirty (30) days after
; the date upon which notice thereof shall come to its attention, cause
~ such lien to be released from the Lessor's interest in the Demised
Premises, in the manner provided by the applicable statutes of the State
of Florida, failing which, the Lessor shall have the right to cause _
- the said lien to be released in the manner provided by the Florida ;
Statutes, and shall have the right to thereupon charge the costs of :
"~3 having had the said lien removed and discharged against the Lessee
and as for additional rent due, said additional rent to be due and
payable within fifteen (15) days of the date of notice thereof to the
- Lessee.
~ _ BOOK 237 PACE 2~ ~1 -
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