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2018-725-E Housing - Community Home Trust development agreement Lexes Trail
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2018-725-E Housing - Community Home Trust development agreement Lexes Trail
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Last modified
11/14/2018 11:49:13 AM
Creation date
11/6/2018 3:16:25 PM
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Template:
Contract
Date
11/5/2018
Contract Starting Date
11/5/2018
Contract Ending Date
11/4/2117
Contract Document Type
Agreement
Amount
$18,000.00
Document Relationships
R 2018-725 Housing - Community Home Trust development agreement Lexes Trail
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Path:
\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2018
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4.4 OCCUPANCY: Lessee will physically occupy the Leased Premises full time unless <br />precluded from doing so by doctor certified medical needs or otherwise agreed by Lessor. <br /> <br /> 4.5 INSPECTION: Lessor may conduct routine inspections of the Leased Premises from <br />time to time to confirm that Lessee is in compliance with Section 4.2. of this lease. Lessor will <br />give Lessee notice of its intention to conduct a routine inspection at least 72 hours in advance of <br />the inspection and will conduct routine inspections only at reasonable times and in a reasonable <br />manner. Lessor may inspect any portion of the Leased Premises at any time without notice to <br />Lessee in the event of an emergency. <br /> 4.6 LESSEE’S RIGHT TO PEACEFUL ENJOYMENT: So long as Lessee fulfills his/her <br />obligations under this Lease, he/she will have the peaceful and undisturbed enjoyment of the <br />Leased Premises. <br /> <br />ARTICLE 5: Ground Lease Fee <br /> 5.1 GROUND LEASE FEE: In consideration of the continued use and occupancy of the <br />Leased Premises, Lessee shall pay to Lessor a monthly ground lease fee (the Ground Lease Fee), <br />established at the commencement of this lease to be <br />_____________________________________ dollars ($ ), which is equal to: <br />(a) A Use Fee established at the commencement of this lease to be ____________________ <br /> Dollars ($ ); plus <br /> <br />(b) A Stewardship Fee, established at the commencement of this lease to be <br />__________________ <br />Dollars ($ ). <br /> <br /> Stewardship Fee: Lessor will collect a Stewardship Fee as part of the Ground Lease Fee which <br />it will hold in a common reserve fund along with Stewardship Fees paid by other ground lease <br />tenants to fund capital replacement/repair projects to the Leased Premises as set in Exhibit F. <br />The existence of the reserve fund does not alter Lessee’s repair and maintenance obligations <br />under this Lease. <br /> <br /> 5.2 PAYMENT OF GROUND LEASE FEE: The Ground Lease Fee will be due and <br />payable on the first day of each month. If the Lease commences on a day other than the first of <br />the month, a pro-rata portion of the Ground Lease Fee will be paid for the balance of the month <br />at the time the Lease is executed. <br /> <br />If there are any unpaid Ground Lease Fees at the time this Lease is terminated or assigned, the <br />Lessee will pay Lessor the unpaid balance, plus all applicable late fees and penalties, out of <br />Lessee’s proceeds, if any, from the sale of the Leasehold Estate. <br />Lessee agrees that the Ground Lease Fee will be collected by Lessor through automatic drafting <br />of the Lessee’s bank account. If Lessee fails to establish automatic drafting for the fee, or <br />discontinues automatic drafting at any time, Lessor will add a Processing Fee of twenty dollars to <br />the Ground Lease Fee for each month that automatic drafting is not in place. This Processing <br />DocuSign Envelope ID: 1C608BEC-B713-4BE4-9E53-CD92D598627F
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