Orange County NC Website
14 <br /> the one year lease term on or before the fifteenth day of the lease term. Tenant acknowledges <br /> this rental rate is discounted in an effort to assist Tenant in providing a public benefit that being <br /> adult day care and services and that any renewal of this Lease shall be subject to an increased <br /> rental rate as determined by County. <br /> (d) This Lease may be renewed for up to five one-year terms. <br /> 4. Holdover. If the Tenant shall remain in possession of the Leased Premises <br /> after the expiration of the original or renewal period as set out above, such possession shall be <br /> as a month-to-month tenant. During such holdover month-to-month tenancy Tenant shall pay <br /> rent at the fair market rental value. <br /> 5. Insurance. The County shall keep in force insurance to provide for property <br /> damage to the building for replacement cost purposes. Provided, however, Tenant shall be <br /> responsible for and pay to County any increase in County's insurance premium occasioned by <br /> the nature of the Tenant's business. <br /> The Tenant shall maintain fire and casualty insurance covering the Tenant's fixtures, <br /> equipment and other property located in the Leased Premises. <br /> Tenant shall keep the Leased Premises insured, at its sole cost and expense, <br /> against claims for personal injury or property damage under a policy of general public liability <br /> insurance, with limits of at least $1,000,000 for bodily injury and $100,000 for property damage. <br /> Such policies shall name the County as additional named insured under the policy. <br /> Tenant shall additionally insure the Leased Premises, at its sole cost and expense, <br /> against claims for personal injury or property damage under a food and/or beverage preparation <br /> and/or distribution or other relevant liability insurance policy with appropriate limits for bodily <br /> injury, sickness, or death. Such policy shall name the County as additional named insured <br /> under the policy. <br /> The Tenant shall provide the County certificates of such insurance at or prior to the <br /> commencement of the term of this lease, and thereafter within ten (10). days prior to the <br /> expiration of such policies. Such policies shall provide that the same may not be canceled <br /> without at least ten (10) days prior written notice to County. <br /> 6. Rental Adiustment. In addition to the base rental, the Tenant shall assume <br /> and pay any additional fire insurance premium, hazard insurance premium, or other extended <br /> coverage insurance premium required as a result of any particular operation or use of said <br /> premises over and above the insurance premium required to be paid by County in the absence <br /> of said operation or use. <br /> 7. Signs. The Tenant will place and maintain in and about the Leased Premises <br /> at appropriately designated places, such neat and appropriate signs advertising the Tenant as <br /> such. Any special Tenant sign will be at the sole cost of the tenant but in the same styling, <br /> provided, however, that County shall not unreasonably withhold approval of such signs as <br /> Tenant may desire. Upon the termination of this lease the Tenant shall remove all signs and <br /> repair any damage to the Leased Premises caused by the erection, maintenance or removal of <br /> such signs. <br /> Page 2 of 12 <br />