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<br />i
<br />II
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<br />Business Lease
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<br />THI$ AGREEMENT, entered into this_day of August 1'997
<br />
<br />between R. K. ASSOCIATES, hereinafter called the lessor, party of the first:
<br />
<br />fl'lfI. Ci ty of S'unny Isles Beach
<br />and , ,
<br />of the County of DADE and State of FLORIDA hereinafter called the Lessee I
<br />or T CIl.JIlI, party of Ihe second part: :
<br />WITNESSETH, That the said Lessor does this day lease unto said Lessee,
<br />.Jnd s::Jid Lessee ~()es hereby hire and take as Tenant under said Lessor Space
<br />
<br />17070 CO~lins Avenue, Suite 250,251,252; Sunny Isle$ Beach,
<br />' I
<br />Siluale In DADE COUNTY, STATE OF FLORIDA, for the tertn of
<br />
<br />";,,,;
<br />beginning the~day of ~t
<br />
<br />Fl.
<br />
<br />No,
<br />
<br />Six (6) Years
<br />
<br />:Jnd cnding the ),1 st day of August
<br />at and for the agreed rental, payable as follows:
<br />IN ADVANCE ON THE FIRST DAY OF EACH AND EVERY MONTH;
<br />WITHOUT DEMAND, DEDUCTION OR SETOFF AT:
<br />' Seventeen Thousand dol "'r'i 1$17,000.00)
<br />PERrvlONTH;
<br />EQU.o.L1NG Two Hundred Four Thousand Dollars
<br />UASE RENT
<br />
<br />1997,
<br />
<br />,19~)
<br />
<br />, .,
<br />
<br />BASE RENT I
<br />
<br />1$2,'04'~~N89>.l
<br />
<br />I
<br />And a<'lrJilional rent as here/naf/er set forth In this Jease; plus a/ltaXes in th~ nature of sales, I
<br />",0- Ol' 'IInllar taxes now or hereafter assessed or levleel by any laxing authority upon Ihe payment of fi>:ed :
<br />(en I Ol' aO<JIlJonal rent as hereinaf/er defined. I
<br />
<br />COMMENCING JANUARY 1,. . 2~ANO ON EACH SUBSEQUENT:
<br />JANUARY 1 OF THE ORIGINAL LEASE TERM AND ALL OPTION PERIODS, THE BASE;
<br />HENT WILL BE INCREASED ANNUALLY BY FIVE (5%) PERCENT, OVER THE i
<br />PI~C:VIOUS YEAR'S BASE RENT.
<br />
<br />"
<br />Leuee: Llpon the execution of this Icase, _grees to pay the amount or S n-one _ 0- which
<br />~11JH be 11(:1<1 as security for Ihe Lessee's performance as herein provided and refunded.to the Lessee at the end of this!
<br />10.'-0 ,uhioctto the l.sse,', ,ati,raetory compliance with the condilions hereot, a, stipulated in pa:agraph 17 or thl, ,
<br />
<br />h.!.1:>c
<br />
<br />All pay'-nents 10 be made to the Lessor on the first day of each and every month in
<br />.JtJV'-lI1CC wilhoul demand allhe office of R.K. ASSOCIATES 17100 Collins Avenue, #225, Miami,
<br />6c~ch, Florjd~ 33160 or at such other place and tei such other person, as the Lessor may from'
<br />limc to Iimc designale'in writing. '
<br />
<br />FIRST; 'USE: If is hereby understood and agreed that the Use of the leased premIses Is limited to
<br />*at1 amended by Addendln of even date I
<br />elt Of SU"1l Isles Bea . and tor no other purposes
<br />wJl.11socvcr. Any \lioL.lion :0' the 8greed un, or any typo of disturbance or Interl.renc;e with -any other Tenanf. use
<br />d,Ju:.c:, bu~inQ::'s and/or cicluslvity wUl be . violation of this 1..s8 agreement In the .vent th.t. is a vlol.tion o( this
<br />"'C "ou,e)*Los>or ,h.JI ro,"ln Iho rlghl at Its sole option to lorminat. this lease agre.mont Imm..latoly, Nothing
<br />conl..JII1Cl.I in lIus Ic.1~c sh:.i'I'givD the Les:occ any right to demand pwtformanco by or trom any other Lnse. or (rom the
<br />It):.:-.ur, Moreover, viol:itio" ot this clause by anGUlar Tenant locat.d .t the shoppJn" Genter of \o~"'ch u-.. I....d
<br />>J'ClllJ~C~ olre a p.ut of sh:}ll nol parl1l;t tho Lessee to have the n,me violaUon or otherNIse operat.".. . waiver Qr
<br />lc~:.o(:. liuhls in this Ic.:1s(',.
<br />**""ich will not be Unreasonably withheld.
<br />::ir;:CONO; ASSICNMENT -S:l,JBLEASING;- Th. Lesl.. shall not assign thl. loas~. nor sub-let the
<br />pi (,1I11:'C~. Ul .my pari thereof, wilhoLJt Lessor's written permJsslon. *rn the event Lc,ssor grants Len.. the right to
<br />:>\Juh.:l, il j~ rully i!Jrecd ana. understood that lessee will be responsible for complerIng all ne<:essary i~provemenls in
<br />:;/:';cr to rclrofillhc leased premises for occupancy. Lessee shell tontioyC to remain rully rQspo~ible tor all obligatian5
<br />d:Jt uncjcr thl: hums of the ll:au agreement. i i t fit ticinal act!; or negli9enie
<br />***Except for damage, loss or clai.. ar 8 ng au 0 n en , ~
<br />THIRD: PERSONAL PROPERTY.LESSEE'S RESPONsIBILITY/*M personal property placed or g,
<br />mOiled In, Ihe premises above described shall be at the riSk of the lessee or owner to, ereo~, Lessor. any agont of the II
<br />LC~!;or, .3nd/or any princip~1 of the Lessor shall not be liable for any and an damage to 5i!IJd personal property., to tho
<br />L",ec .""ny from tho burning or leilklng of water pipes. from any aet of negligence of any co-Tenant or occupant or I'J
<br />the LJulldlllg or ot any oUler person whomsoever. .
<br />" , " , ~m
<br />fOURTIf: COMPLIANCE WITH LAWS: The Les..e shall prompUy, execute and comply with ell .s
<br />,tolule,. ordlnilnces, rules, ordors, regulations and requlro~enl:s of any ;"ppliceblo .Federal, Slllte and City Governmont ~ ~
<br />anu 01 :lny ;Jnd all their CIf-p:1rtments and Bure_us Including any Taxing Autho~ty or Utility; a~d esse~ shall also ,., a
<br />iilIi pcomptly comply with all rules orders and regulations of the applicable fire prevention eode$ tor th prevention of fires, @..
<br />.11 .( L.a.e', own co,t ilnd e~pon'e. ssor and ~
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