09/20/1989
LEASE AGREEMENT
THIS AGREEMENT is made this "of/, day of :Ser*..,l ~,..
1989. between WILLIAM CULLEN, as "LESSOR," whose mailing address
is Pos t Office Box 456, Key Largo, Florida, 33036, and MONROE
COUNTY, Florida, as "LESSEE."
The LESSOR leases to the LESSEE the parcel of unimproved
land, located in Monroe County, Florida, more particularly
described as follows:
Block 10, Lots 40, 41, 42, 43 and 44, of Sunset
Cove Subdivision, PBl-165, Key Largo, County of
Monroe, Florida.
To hold these premises unto the LESSEE for a term on one (1)
calendar year, beginning on the 20th day of September, 1989, and
ending on the 19th day of September, 1990. The LESSEE has the
option to renew and extend this Lease for a maximum of four (4)
additional periods of one (1) calendar year, on the same terms
and rental, by giving to the LESSOR written notice of the LES-
SEE's election to do so, at least thirty (30) days prior to the
termination of the initial term of this Lease. Any notice from
LESSEE to LESSOR under this Lease may be served by mailing a copy
of such notice to LESSOR at the mailing address indicated above,
or at such other place as the LESSOR from time to time may, in
writing, appoint and designate.
Such written notice will be
considered to have been served on LESSOR on the date of mailing
the same.
LESSEE shall pay rent for the property during the continu-
ance of this Lease at the rate of Five Hundred Sixty-five and
50/100 Dollars ($565.50) per month, due and payable
on
the
twentieth (20) day of each calendar month following the first
thirty (30) days of the Lease. Additionally, the LESSEE will be
I
obligated to pay monthly an amount equivalent to the property tax
liability for this parcel. Any and all charges for utilities,
including water and electricity, used on this property during all
or part of the term of this Lease shall be the responsibility of,
and paid by, LESSEE.
LESSEE shall keep and maintain the property in a safe and
clean Btate.
LESSEE shall indemnify LESSOR of any and all liability up to
the limits expressed in F.S. 768.28.
LESSOR shall clear any code violations of record existing at
the time of the inception of this Lease.
LESSEE shall not assign this Lease, or sublet the property
or any portion of it, without having first received the written
consent of LESSOR. LESSOR shall not unreasonably withhold such
consent.
LESSEE shall have the right to make such alteration, ad-
ditions, and improvements on the property as LESSEE may deem
necessary. Fifty percent (50%) of the cost of improvements made
by the LESSEE that are of a universal nature, ie. those improve-
ments that would be required for any normal development, such as
septic, water, electricity, fencing and buffer required landscap-
ing, shall be paid by LESSOR over a sixty (60) month period in
the fo~n of a rental rebate. In the event LESSEE has made said
improvernents and elects not to renew this Lease, LESSOR shall pay
to LESSEE the fifty percent (50%) of all outstanding costs within
one (I) year. Improvements that are of a specific nature for
LESSEE's specific development requirement shall be the sole
responsibility of the LESSEE.
IN WITNESS WHEREOF, the parties have hereunto set their
hands and seal, this ~ day of s.,-f~AILv-
, 1989.
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
(SEAL)
Attest :DANlVX 4. RQ; .;:':U, 1'>7' '""1
. ...............I.\,,;f-C;,.'-' erk
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AND ~ SfMIrJDfCy.
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Att''H'nfY'$ OHict'
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~~~essor
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( W~tness