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2018-055 AMS - Alliance for Historic Hillsborough 36 mo lease
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2018-055 AMS - Alliance for Historic Hillsborough 36 mo lease
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Last modified
7/31/2018 4:09:42 PM
Creation date
3/14/2018 8:21:59 AM
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Contract
Date
12/4/2017
Contract Starting Date
1/1/2018
Contract Ending Date
12/31/2020
Contract Document Type
Lease
Amount
$9,360.00
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R 2018-055 AMS - Alliance for Historic Hillsborough 36 mo lease
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\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2018
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(c) The Tenant agrees to pay the County without demand at its office, or at <br />such other place or places as County may from time to time designate in writing, the sum Two <br />Hundred Sixty Dollars ($260.00) per month ($9,360.00) for the 36 month lease term, on or <br />before the fifth day of each month of the term. <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) day of any month it is <br />due, Tenant shall pay as additional rent a past due payment fee of Fifty Dollars ($50.00). This <br />additional rent shall be due immediately without demand therefore and shall be added to and <br />paid as a part of the installment payment of rent with respect to which it is incurred. <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 month -to -month tenancy, rent shall be the rent in <br />effect during the last month of the term immediately preceding. <br />5. Insurance. The County shall keep in force insurance to provide for property <br />damage to the building for replacement cost purposes. <br />The Tenant shall maintain fire and casualty insurance covering the Tenant's fixtures, <br />equipment, and other property located in the demised 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 public liability insurance, <br />with limits of at least $1,000,000 for bodily injury and $100,000 for property damage. Such <br />policies shall name the County as additional named insured 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 Adjustment. 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 because of any operation or use of said premises over <br />and above the insurance premium required to be paid by County in the absence of said <br />operation or use. <br />7. Signs. The County will coordinate with the Town of Hillsborough to provide <br />and maintain the main building identification signage currently located adjacent to E. King <br />Street. The Tenant reserves the right to install special signage it deems appropriate to properly <br />direct the public to the services offered at the Leased Premises. Any special Tenant sign will be <br />at the sole cost of the tenant but in the same styling, provided, however, that the County shall <br />not unreasonably withhold approval of such signs as Tenant may desire. Signage must also be <br />approved by the Town of Hillsborough. Upon the termination of this Lease the Tenant shall <br />remove all special signs and repair any damage to the Leased Premises caused by the <br />erection, maintenance, or removal of such special signs. <br />Page 2 of 12 <br />
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