Agmt05 Watson, et al vs RWC - Laserfiche WebLink

Browse Search

Page 4 Lease Agreement 14: LESS 0 R' S REMEDIES 0 N DEF A UL T: If Lessee defaults in the payment of rent, or any additional rent, or defaults in the performance of any of the other covenants or conditions hereof, Lessor may give Lessee notice of such default and if Lessee does not cure any such default within THREE (3) days, after the giving of such notice, or if such other default is of such nature that it cannot be completely cured within such period, if Lessee does not commence such curing within FNE (5) days and thereafter proceed with reasonable diligence and in good faith to cure such default, then Lessor may terminate this lease on not less than Three (3) days written notice to Lessee. On the date specified in such notice the remaining term of the lease may be forfeit at the option of Lessor. Lessee shall then quit and surrender the premises to Lessor. Lessee may remain liable as hereinafter provided. Ifthis lease shall have been so terminated by Lessor, Lessor may at any time thereafter resume possession of the premises by any lawful means and remove Lessee or other occupants and their effects. Lessor's failure to enforce any term shall not be deemed a waiver of Lessor's right to enforce any provision hereof In the event rent is not paid within 3 days of due date, lessee agrees to pay a late charge of$45.00 should rent be1:endered after the 3rd day ofth.e month in which it is due. Lessee further agrees to pay $50.00 for each dishonored bank check. The late charge period is not a grace period and lessor is entitled to make written demand for any rent if not paid when due. 5: SECURITY DEPOSIT: Lessee shall deposit with Lessor on the signing of this lease the S1;1ID of TWO THOUSAND & FIFTY DOLLARS ($2,500.00) as security for the performance of Lessee's obligations under this lease, including without limitation the surrender of possession ofthe premises to Lessor as herein provided. .If Lessor applies any part of the deposit to cure any default of Lessee, Lessee shall on demand deposit with Lessor the amount so applied so that Lessor shall have the full deposit on hand at all times during the term of this lease. Lessee shall not have the option to apply the security deposit in payment ofthe last month's rent. 16. TAX INCREASE: In the event there is any increase during any year of the term of this lease in the City, County or State real estate taxes over and above the amount of such taxes assessed for the tax year during which the term of this lease commences, whether because of increased rate or valuatio~ Lessee shall pay to Lessor upon presentation of . paid tax bill an amount equal 5% oftb.e increase in taxes upon the land and building in which the leased premises are situated- In the event that such taxes are assessed for a tax year extending beyond the term of the lease, the obligation of Lessee shall be proportionate to the portion ofthe lease term included in such year. 17: COMMON AREA EXPENSES: Lessee agrees to pay a pro-rata share of maintenance, taxes, and insurance for common area, . 18: ATTORNEY'S FEES: In the event suit is. brought for recovery of the premises, or for any sum due hereunder, or due to any act which may arise in connection with the lease ofthese pre~es, by either party, the prevailing party shall be entitled to all costs incurred in connection with such action, including a reasonable attorney's fee. 19: WAIVER: No failure of Lessor to enforce any tenn hereof shall be deemed to be a 9lT \þA J¡ J W81ver. '--,."-"'--."'.'