2012-031 Resolution - Laserfiche WebLink

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Item Two. Rent. In consideration of Lessee's promise to reside upon and caze for the said real property priar to demolition of the buildings on the Property, and furkher to maa.ntain the Pxoperty and pay all insurance obligations regarding the Property as hereinafter set forth, Lessee shall pay to Lessoz no ($0.00) rent for the term of this T,ease. However, upon expiration of Lessee's tenancy upon the Property, should Lessee fail or refuse to vacate and timely surrender the Properly to Lessor, then Lessor shall be entitled to recover from Lessee the reasonable rental value of the Froperty for any such period of time. The parties expressly agree that the reasonable monthly renfal value for the Property is One Thousand Two Hundred Dollars ($1,200.00). Item T'hree. Use, Maintenance and Salvag,e Rights. Lessee agrees to use the leased premises only as a personal residence, and to not assign this Lease or sublet the premises. Furtber, Lessee agrees that he shall not alter or make additions to the leased premises withaut the Lessor's prior written consent: Further, Lessee agrees he shall not do or permit any act or practice injurious to the leased prennises or which may unreasonable disturb neighboring residents. Lessee may exercise any and all reasonable salvage rights upon the leased Premises prior to the termination of the Lease and prior to the deadline for surrender of Premises on March 1, 2013. Lessor may provide Lessee with access to Premises and opportunity to exercise salvage rights after the Premises have been suxrendered to Lessor and after the Lessee has vacated the premise and before actual demolitian cornmences. Lessee shall not hold over on possession of the Premises in order to exercise salvage rights but shall vacate and surrender the Premises to Lessor on or before March 1, 2013, subject to re-entry for salvage prior to commencement of demolition. Item Four. Utilities. Lessee agrees that he shall pay all charges for utilities which serve the leased premises and which are incurred during the term of this Lease. Said utilities include, but are not limited to, electricity, gas, water, sewer, and tetephone services. Lessee agrees that he shall maintain the accounts in his own nam.e with each such utility service for payment of sezvice used. Item Five. Real Estate Taxes and Assessments. Lessee and Lessor agree that payment of the real estate taxes for and any assessments against the leased premises shall be paid and/or prorated in accordance with the terms and conditions of the Purchase Agreement by and between the parties and that real estate taxes and assessments shall not be governed by the term of this Lease. Said Purchase Agreement generally provides that the Seller/Lessee is and sha11 be responsible for real estate taxes and assessmenfi until the Closing date, as determined and computed by Escrow Agent. Thereafter, such real estate taxes and assessment are and shall become responsihility of the Buyer/Lessor. The Lease term may commence prior to said Closing date and the Lease may continue after said date. Item Six. Insurance. Lessee agrees that he shall continue to carry properry and casualty insurance on the leased premises during fihe term of this Lease. Lessea fuxther agrees that he shall carry contents insurance for all of his personal properry kept at the leased prernises. Finally, Lessee agrees that he shall carry liahility insurance on the leased premises with limits of not less than $1,000,000.00, nanaing Lessor as an additional insured. Lessee shall be responsible for obtaining such Certificate of Insurance and providing same to the Lessor. Lessee's failure to obtain and 2