Orange County NC Website
Browse       Search
(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 $ 1 . 00 for <br /> the one year lease term on or before the fifteenth day of the lease term . Tenant acknowledges <br /> this rental rate is discounted in an effort to assist Tenant in providing a public benefit that being <br /> adult day care and services and that any renewal of this Lease shall be subject to an increased <br /> rental rate as determined by County . Tenant acknowledges that the Tenant' s first priority for the <br /> Adult Day Health Center is to provide services to Orange County residents . <br /> (d ) Upon mutual agreement this Lease may be renewed for one five-year term . The <br /> Parties acknowledge that any such renewal may involve renegotiation of the rental rate reflected <br /> in Paragraph 3 ( b) and utility payment reflected in Paragraph 13 . Should either Party hereto <br /> determine it is in its best interest not to renew this Lease such Party shall notify the other Party <br /> in writing not less than nine ( 9 ) months prior to the expiration of the initial term of this Lease . <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 month4o- month tenant . During such holdover month -to- month tenancy Tenant shall pay <br /> rent at the fair market rental value . <br /> 5 . Insurance . The County shall keep in force insurance to provide for property <br /> damage to the building for replacement cost purposes . Provided , however, Tenant shall be <br /> responsible for and pay to County any increase in County' s insurance premium occasioned by <br /> the nature of the Tenant' s business . <br /> The Tenant shall maintain fire and casualty insurance covering the Tenant' s fixtures , <br /> equipment and other property located in the Leased 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 general public liability <br /> insurance , with limits of at least $ 1 , 000 , 000 for bodily injury and $ 100 , 000 for property damage . <br /> Such policies shall name the County as additional named insured under the policy . <br /> Tenant shall additionally insure the Leased Premises , at its sole cost and expense , <br /> against claims for personal injury or property damage under a food and /or beverage preparation <br /> and /or distribution or other relevant liability insurance policy with appropriate limits for bodily <br /> injury , sickness , or death . Such policy 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 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 as a result of any particular operation or use of said <br /> premises over and above the insurance premium required to be paid by County in the absence <br /> of said operation or use . <br /> 7 . Sj ns . The Tenant will place and maintain in and about the Leased Premises <br /> at appropriately designated places , such neat and appropriate signs advertising the Tenant as <br /> Page 2 of 11 <br />