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2019-227-E Housing - Community Home Trust lease
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2019-227-E Housing - Community Home Trust lease
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Last modified
4/18/2019 2:47:31 PM
Creation date
4/12/2019 3:05:16 PM
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Template:
Contract
Date
4/8/2019
Contract Starting Date
4/8/2019
Contract Document Type
Agreement
Amount
$60,000.00
Document Relationships
R 2019-227 Housing - Community Home Trust lease
(Attachment)
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\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2019
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DocuSign Envelope ID:66F168C2-3C54-4274-9428-4F16B3F1802A <br /> 4.4 OCCUPANCY: Lessee will physically occupy the Leased Premises full time unless <br /> precluded from doing so by doctor certified medical needs or otherwise agreed by Lessor. <br /> 4.5 INSPECTION: Lessor may conduct routine inspections of the Leased Premises from <br /> time to time to confirm that Lessee is in compliance with Section 4.2. of this lease. Lessor will <br /> give Lessee notice of its intention to conduct a routine inspection at least 72 hours in advance of <br /> the inspection and will conduct routine inspections only at reasonable times and in a reasonable <br /> manner. Lessor may inspect any portion of the Leased Premises at any time without notice to <br /> Lessee in the event of an emergency. <br /> 4.6 LESSEE'S RIGHT TO PEACEFUL ENJOYMENT: So long as Lessee fulfills his/her <br /> obligations under this Lease, he/she will have the peaceful and undisturbed enjoyment of the <br /> Leased Premises. <br /> ARTICLE 5: Ground Lease Fee <br /> 5.1 GROUND LEASE FEE: In consideration of the continued use and occupancy of the <br /> Leased Premises, Lessee shall pay to Lessor a monthly ground lease fee (the Ground Lease Fee), <br /> established at the commencement of this lease to be <br /> dollars ($ ), which is equal to: <br /> (a) A Use Fee established at the commencement of this lease to be <br /> Dollars ($ ); plus <br /> (b)A Stewardship Fee, established at the commencement of this lease to be <br /> Dollars ($ ). <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 /> 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 /> 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 />
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