Orange County NC Website
equivalent to the rent for one partitioned storage area for one (1) month. Deposit shall be held <br /> as a security deposit against claims for damages. This money may be deposited for the <br /> exclusive use of Orange County and may be returned to Tenant at the end of the Agreement <br /> period within 30 days provided there has been no damage to the premises. <br /> (c)The Tenant agrees to pay the County without demand at its office, or at such <br /> other place or places as County may from time to time designate in writing, the sum of three <br /> hundred and twelve dollars ($312.00) per month of the term for each partitioned storage area <br /> used by the Tenant. <br /> (d) The extension of time for the payment of any installment of rent, or the <br /> acceptance by the County of any money other than of the kind herein specified, shall not be a <br /> waiver of the right of the County to insist on having all other payments of rent made in the <br /> manner and at the time herein specified. <br /> (e) If any installment of rent is not received by the fifth (5th) <br /> day of any month it is due, Tenant shall pay as additional rent a late <br /> payment fee of Fifty Dollars ($50.00). This additional rent shall be due <br /> immediately without demand therefore and shall be added to and paid <br /> as a part of the installment payment of rent with respect to which it is <br /> incurred. <br /> (f) This Agreement does not constitute and shall not be construed as a lease and <br /> Tenant shall acquire no property rights in the premises or the facility or parcel in which the <br /> premises is situated. <br /> 4. Insurance. The County shall keep in force insurance to provide for property <br /> damage to the building for replacement cost purposes. HOWEVER, COUNTY DOES NOT <br /> PROVIDE ANY TYPE OF INSURANCE WHICH WOULD PROTECT THE TENANT'S <br /> ARTICLES OR PROPERTY FROM LOSS BY FIRE, THEFT, OR ANY OTHER TYPE OF <br /> CASUALTY LOSS. IT IS THE TENANT'S RESPONSIBILITY TO OBTAIN SUCH <br /> INSURANCE. Provided, however, Tenant shall be responsible for and pay to County any <br /> increase in County's insurance premium occasioned by the nature of the Tenant's business. <br /> Tenant's failure to carry the required insurance is a breach of this agreement, and Tenant <br /> assumes all risk of loss to stored property that would be covered by such insurance, including <br /> any loss due to any acts whatsoever of County, County's agents, officers, or employees, <br /> including, but not limited to the alleged negligent or intentional acts of County, or County's <br /> agents, officers, or employees, including negligent or intentional disposal of Tenant's stored <br /> property. Tenant expressly agrees that the carrier of such insurance shall not be subrogated to <br /> any claim of Tenant against County, County's agents or employees. It is expressly agreed <br /> between Tenant and County that it is intended that insurance coverage be acquired by Tenant <br /> to cover loss of the property due to any acts whatsoever of County, County's agents, or <br /> employees, whether intentional or negligent, or active or passive in nature, which results in any <br /> loss, disposal, or damage to Tenant's stored property. <br /> The Tenant shall maintain fire and casualty insurance covering the Tenant's fixtures, <br /> equipment, stored property, and other property located in the premises. <br /> Page 2 of 10 <br />