Orange County NC Website
4 <br /> (e) If any installment of rent is not received by the fifth (5th) day of any <br /> month it is due, Tenant shall pay as additional rent a late payment fee of Fifty Dollars <br /> ($50.00). This additional rent shall be due immediately without demand therefor and <br /> shall be added to and paid as a part of the installment payment of rent with respect to <br /> which it is incurred. <br /> 4. Holdover . If the Tenant shall remain in possession of the leased <br /> property after the expiration of the original or renewal period as set out above, such <br /> possession shall be at the rate of $1,000 per month. During such month-to-month <br /> tenancy all other provisions of this lease shall be applicable. <br /> 5. Insurance. The County shall keep in force insurance to provide for <br /> property damage to the building for replacement cost purposes. Provided, however, <br /> Tenant shall be responsible for and pay to County any increase in County's insurance <br /> premium occasioned by the nature of the Tenant's business. <br /> The Tenant shall maintain fire and casualty insurance covering the Tenant's <br /> fixtures, equipment and other property located in the demised premises. <br /> Tenant shall keep the leased property insured, at its sole cost and expense, <br /> against claims for personal injury or property damage under a policy of general public <br /> liability insurance, with limits of at least $1,000,000 for bodily injury and $100,000 for <br /> property damage. Such policies 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 <br /> to the commencement of the term of this lease, and thereafter within ten (10) days prior <br /> to the expiration of such policies. Such policies shall provide that the same may not be <br /> canceled without at least ten (10) days prior written notice to County. <br /> 6. Rental Adjustment. In addition to the base rental, the Tenant shall <br /> assume and pay any additional fire insurance premium, hazard insurance premium, or <br /> other extended coverage insurance premium required as a result of any particular <br /> operation or use of said premises over and above the insurance premium required to <br /> be paid by County in the absence of said operation or use. <br /> 7. Signs. The County will place and maintain in and about the leased <br /> property at appropriately designated places, such neat and appropriate signs <br /> advertising the Tenant as such. Any special Tenant sign will be at the sole cost of the <br /> tenant but in the same styling, provided, however, that County shall not unreasonably <br /> withhold approval of such signs as Tenant may desire. Upon the termination of this <br /> lease the Tenant shall remove all signs and repair any damage to the leased property <br /> caused by the erection, maintenance or removal of such signs. <br /> 8. Repairs. The County shall maintain the roof and exterior walls of the <br /> demised property including exterior paint, provided that in the event Tenant desires to <br /> alter the exterior color scheme, said alteration must be approved by County and shall <br /> be at the Tenant's expense. In addition, County shall maintain the paved parking area <br /> and front entry to the building. The Tenant shall not cause or permit any waste, <br /> damage or injury to the leased property. The Tenant, at its sole expense, shall keep <br />