HomeMy WebLinkAboutLEASEJOSEPH E. SMITH, CLERK,f7%- THE CIRCUIT COURT - SAINT LU_CIE COUNTY
FILE # 4277476 OR BOOM_ 163 PAGE 1597, Recorded 02 12017 10:17:28 AM
OCEAN RESORTS CO-OP; INC.
A COOPERATIVE RESIDENTIAL PARK
WITH RECREACTIONAL VEHICLE UNITS
AMENDED AND RESTATED
OWNERS'S PROPRIETARY LEASE
NUMBER 35
BY THIS LEASE made on the 1st day of February 20117, OCEAN
RESORTS CO-OP, INC., a Florida Corporation under Chapter 607 of the
Florida Statutes with offices at 5101 North Highway A1A, Fort Pierce,
Florida, 34949, hereinafter called Lessor and
John Davenport or Laurie Cortes
hereinafter referred to as Lessee, agree as follows:
1. PROPERTY AND TERM: Lessor leases to Lessee Unit No. _35
in OCEAN RESORTS CO-OP, INC., a Cooperative Residential Park with
Recreational Vehicle Units, located upon property in St. Lucie County, Florida,
more properly described in Exhibit "A" attached hereto and made a part hereof for
a term beginning on the13th day of February 2017 and ending the 14th
Day of January 2018 . Upon the termination of any renewal term, this
Lease shall be automatically renewed so long as the Lessee is not in default
under any of the terms and conditions of the Proprietary Lease, the Articles of
Incorporation and the By -Laws of OCEAN RESORTS CO-OP, INC. Lessee holds
a 1/400th ownership in Lessor, and this Lease- is appurtenant to such ownership.
2. ANNUAL ASSESSMENTS: Lessee shall be responsible for the payment of
assessments for the upkeep and maintenance of the Association property
including maintenance and management costs. The Board of Directors of the
Lessor from time to time shall fix the sum of money needed for the operation of the
Lessor Association. It shall determine the amount required for operating items such
as maintenance, taxes, insurance, repairs, betterments; utilities, management,
reserves and other sums necessary to the upkeep, operation or maintenance of
the Lessor's property.
Assessments will be made against the unit on the basis of the proportionate
share of common expenses allocated to the unit which will be 1/400th of the
annual budget.
Ocean Resorts Proprietary Lease
Page 1 of 13